Incredible Shrinking Workers’ Income

From the Frum Forum:

Workers’ share of U.S, national income is collapsing. What’s behind it?  According to Jared Bernstein: Globalization, “labor-saving” technology, much diminished union power, declining minimum wages, “financialization” of growth, tax incentives favoring capital (though these numbers are all pretax, the incentives still play a role), and what Harold Meyerson the other day called shareholder vs. stakeholder capitalism.