Employment Compensation as a Share of Domestic Income: 1960 to 2004

I owe our readers a follow-up to this post. While Chad accused me of cherry picking the time frame with the suggestion the labor compensation to national income ratio for the late 1990’s was somehow an anomaly, Liberal was kind enough to suggest I provide a chart starting around 1960. It seems Brad DeLong has already provided this chart as well as a chart showing Wages and Salaries as a Share of Net Domestic Product. Take a look at Brad’s graphs as they show the late 1990’s was not an anomaly. While you are there – take a look at his discussion as well.