Title: Facebook worker living in garage to Zuckerberg: challenges are right outside your door Excerpt: As the Facebook CEO travels across the US to 'learn about people's hopes and challenges', the cafeteria workers at his company struggle to make en…
"documents the downward trend in the labor share of income since the early 1990s, as well as its heterogeneous evolution across countries, industries, and workers of different skill groups, using newly assembled data for a large sample of advanced and emerging market and developing economies. The chapter then analyzes the forces behind these trends. Technological progress, reflected in the steep decline in the relative price of investment goods, along with varying exposure to routine-based occupations, explains about half the overall decline in advanced economies, with a larger negative impact on the earnings of middle-skilled workers. "