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Ivan Andriyenko
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Worker share of economic pie has shifted, Mark Zandi notes

Worker share of economic pie has shifted, Mark Zandi notes
Worker share of economic gains declining

Mark Zandi, chief economist at Moody's Analytics, discusses how the distribution of economic benefits among Americans has changed over time.

He highlights that from World War II through the Y2K period, workers received nearly two-thirds of economic output, while capital owners received about one-third. According to Zandi, this division has shifted since then, influenced by factors such as China’s integration into the global economy.

In July, Zandi reported a near standstill in job growth, with low unemployment driven mainly by workforce exits across sectors, according to previous data. He has also stated that the U.S. job market remains challenging for both foreign-born and native-born workers, despite tighter immigration policies. These observations provide context for his views on the shifting distribution of economic benefits.

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