The article explores the dynamics of the share of workers' wages in the GDP of many countries with different levels of technical, economic and social development. It has been established that the thesis about the stability of this share in the long term, which is widespread in the economic literature, has ceased to correspond to reality. A steady tendency towards a decrease in the share of wages in favor of an increase in the share of profits in GDP was revealed, which has been clearly manifested in recent decades both in countries of the world vanguard and in many developing countries. The mechanism of the impact of the process of digitalization of the economy on the ongoing shifts in the structure of GDP by types of primary income is considered. It is convinced that the global tendency to reduce the share of income earned by employees for work done in favor of increasing the share of income earned by capital owners, which is developing against the backdrop of digitalization, can not only contribute to exacerbating social conflicts in individual countries, but also create serious obstacles to achieving sustainable goals the development of the international community formulated by the Paris Agreement (2015)
Keywords: digitalization of economy, distribution of income, labor income share, world economy
- Dzh. Klark. Raspredelenie bogatstva. M.- L., 1934. (In Russ.)
- Yu. Linnik, M. Kirjuhin. Cyfrovye technologii v neftegazovom komplekse//Strategii I innovacii. 2019. № 7. P. 37-40. (In Russ.).
- Nacional`nye scheta Rossii 2014-2018. M.: Rosstat, 2019. (In Russ.)
- Nacional`nye scheta Rossii 2007-2014. M.: Rosstat, 2015. (In Russ.)
- Rossijskij statisticheskij ezhegodnik. M.: Rosstat, 2019. (In Russ.)
- D. Begg, S. Fischer, R. Dorndusch. Econommics. Third Edition. McGraw-Hill Book Company. London-New York-Lisbon-Mexico-Paris-Sydney-Tokyo. 1991.
- C. W. Cobb, P. H. Douglas. A Theory of Production//The American Economic Review. 1928. Vol. 18. № 1. P. 139-165.
- M. Dao, M. Das, Z. Koczan, W. Lian. Why is Labor Receiving a Smaller Share of Global Income?//IMF. July 24. 2017.
- M. Elsby, B. Hobijn, A. Sahin. The Decline of the US Labour Share//Brooking Papers on Economic Activity. 2013.
- M. Feldstein. Did Wages Perfect Growth in Productivity?//NBER. New York. 2008.
- D. Gollin. Getting Income Shares Right//The Journal of Political Economy. 2002. 110 (2). P. 458-474.
- A. Grant. Issues in Distribution Theory//The Review of Economics and Statistics. 1964. Vol. 45. № 3. P. 273-279.
- M. Guerriero. The Labor Share of Income Around the World: Evidence from a Panel Dataset. Tokyo. Asian Developing Bank Institute. 2019.
- R. Heilbroner. Understanding Macroeconomics. Second Edition. Prentice-Hall, INC, New Jersey, 1965.
- ILOStat. The Leading Source of Labour Statistics. Dataset. Labour income share as a percent of GDP. July, 2019.
- A. Kaldor. A Model of Economic Growth//The Economic Journal. Vol. 67. Issue 268. December 1957. P. 591-624.
- L. Karabarbounis, B. Neiman. The Global Decline of The Labor Share//The Quarterly Journal of Economics. Vol. 129. Issue 1. October 2013. P. 61-103.
- J. M. Keynes. Relative Movements of Real Wages and Output//The Economic Journal. Vol. 49. Issue 193. March. 1939. P. 34-57.
- OECD. Compendium of Productivity Indicators 2019. Paris. 2019.
- OECD. Data. Hurmonised unemployment rate. 2020.
- OECD. Labour Force Statistics. Paris 2019.
- The Global Labor Income Share and Distribution. LTO. July. 2019.