BUSINESS

Occupy Wall Street Rises As Basic Economic Rules Become Obsolete

10/19/2011 09:28 am ET | Updated Dec 19, 2011

Over the past two decades -- and especially since about 2000 -- the share of national income that flows into wages and other kinds of worker compensation has been plummeting in various countries.

Labor share normally bounces around over the business cycle, but given how long the decline has lasted, it can’t be dismissed as cyclical. And this partly explains the kind of anger and frustration that is fueling the Occupy Wall Street movement worldwide.

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