Labor vs capital
Labor vs capital
How much of what the economy produces is paid to workers, shown as the raw series from FRED.
Labor share is the part of income paid out as pay for work. What labor does not get goes to the owners of capital.
That split is the core of the universal high income thesis. If AI multiplies output, the gains reach people through what they own, not only through what they earn.
The series below are published data, not our forecast. Read them, then decide what you want to own.
Source: FRED, Federal Reserve Bank of St. Louis · fetched 2026-10-25
Nonfarm Business Sector: Labor Share for All Workers (PRS85006173)
Units: Index 2017=100. Source: FRED PRS85006173
Shares of gross domestic income: Compensation of employees, paid (A4002E1A156NBEA)
Units: Percent. Source: FRED A4002E1A156NBEA
Table view
| Series | Units | Date | Value |
|---|---|---|---|
| PRS85006173 Nonfarm Business Sector: Labor Share for All Workers | Index 2017=100 | 2026-04-01 | 93.45 |
| A4002E1A156NBEA Shares of gross domestic income: Compensation of employees, paid | Percent | 2025-01-01 | 50.90 |
Source: FRED, Federal Reserve Bank of St. Louis · fetched 2026-10-25. Not financial advice.