Motley Fool Money · Saturday, October 24, 2026
Scott Phillips notes that Reserve Bank of Australia data from 2019 indicates labor income as a share of total output fell from about 62% in 1970 to 53%, while capital income's share grew from 24% to approximately 38%. He points out that this historical shift demonstrates how capital has captured a larger portion of output over nearly five decades.
“Labor income as a share of total has fallen from about 62 odd percent, about 1970, to probably about 53 percent.”
“Capital income alone has gone from 24 to about 38 roughly.”