00:00It's Benzinga bringing Wall Street to Main Street.
00:02U.S. economic rewards are increasingly flowing to capital rather than labor,
00:06according to the Wall Street Journal.
00:08NVIDIA is nearly 20 times as valuable and five times as profitable as IBM was
00:13adjusted for inflation while employing about one-tenth as many workers.
00:18Since 1980, labor's share of economic output has fallen from 58% to 51.4%,
00:25while profit share rose from 7% to 11.7%.
00:30Automation, outsourcing, declining union power,
00:33and the rise of technology-driven companies have reduced labor intensity.
00:37Since late 2019, inflation-adjusted hourly wages rose 3%,
00:42total worker compensation increased 8%, and profits climbed 43%.
00:47AI adoption is expected to accelerate the shift.
00:51For all things money, visit Benzinga.com.
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