Summary: The global trend to more open trade and migration has benefited the global economy, but the share of income taken by labor has been declining at the same time. As protectionism and anti-migration policies grow in some countries, the role of globalization in the declining share of labor income has become a focus. That labor is seeing a decline in its share of income in many countries has been shown in a number of studies. The question is, why? Read the transcript https://bit.ly/2W4pYnK Read the working paper https://bit.ly/2DwDTMl About the authors Ken Suzuki is a researcher at the Embassy of Japan in Jordan. Yoko Oishi is a research associate at the Asian Development Bank Institute (ADBI). Saumik Paul was a research economist at ADBI at the time the working paper was published. Know more about ADBI’s work https://bit.ly/2GC5lKu
