Comment by smallmancontrov

The last 50 years in the USA (and elsewhere) have been an absolute disaster for labor: the economy as a whole grew, the capital share grew even more, and the labor share shrank (unless you use a deflator rigged to show the opposite, but a rigged deflator can't hide the ratios). This contrasts to the 50 years prior, where we largely grew and fell together, proving that K shaped economies are a policy choice, not an inevitability.

A Roosevelt economy can still work for most people when the "job creators" stop creating jobs. A Reagan economy cannot.