Where has all the money gone for the past 50+ years?

[mostlylong]

The chart here

Labor productivity, wages and corporate profits

Labor productivity is a key macroeconomic measure: increasing output per hour worked increases standard of living. Labor productivity is reported quarterly and can be noisy/volatile, so conclusions should not be inferred from short-term fluctuations in the data. Recessions and macroeconomic shocks like the pandemic add noise to the data as well, as important metrics like employment increase/decrease relative to more normal values, as one example. In Q2 2022, labor productivity fell back to tr…

shows the trend.

Productivity has been growing faster than real wages over the last 60 years (the blue line rises faster than the red line).

The chart also shows corporate profits as a percent of GDP (green line). They are as high as ever.