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shootin' the shit / Re: UK General Election 2024
« Last post by seankenny on Yesterday at 02:22:34 pm »My impression is that the key meaningful choice for societies to grapple with is whether the divide of proceeds from GNP should be say 70%:30% between workers versus capital/owners/finance or 30%:70% and then how to arrange things accordingly.
Stone, here are the figures for the labour share of GDP which is: “the total compensation of employees given as a percent of GDP, which is a measure of total output. It provides information about the relative share of output which is paid as compensation to employees as compared with the share paid to capital in the production process…”
https://w3.unece.org/SDG/en/Indicator?id=30
Year is 2020. These are the stats Our World in Data uses, tho I also found some 2024 ILO figures that are very similar.
As you see, for the U.K. it’s 60.4%, as compared to 58% in Denmark, 55.8% in Sweden and 54.8% in Norway. Even Moldova is doing better than those laggardly Nordics!