Workers are, in general, losing out in the economy, writes Brian Lucey . Humanoid robot bartender ‘Carl’ fills a cocktail glass. A large part of the growth of populist movements may be reasonably attributed to the real or perceived decline in opportunities in employment.
As labour productivity has risen, the share of the wealth pie which labour takes home has fallen. In most developed countries, including Ireland, the share of GDP attributable to labour has fallen to or below half.
This trend is long term and is evident in greater or lesser extent across the globe.To view this media, you need […]
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