[OPE-L] distributive shares/productive and unproductive labour

[Gerald_A_Levy@xxxxxxx]

A working paper, "Distributive Shares in the U.S. Economy,

1964-2001" by Simon M.  Revised version 11/04. 33 pages.

 

 

http://www.qmul.ac.uk/~ugte154/USProfitShareVers2.pdf

 

 

Abstract:

"Specifying the labour theory of value in a way that distinguishes

both productive from unproductive labour, and production workers

from supervisory workers, this paper considers distributive

shares in the U.S. economy between 1964 and 2001.  Trends in

productive and unproductive labour are explored in full-time

equivalents, hours and money.  After 1979, there was a large

shift of money value (not matched by a shift in either hours or

employment) from the wages paid to productive workers and

to those paid to supervisory labour.  Since the wage share in

money value added in nonsupervisory labour in unproductive

sectors was approximately constant, the 1980s and 1990s

also saw the profits share squeezed by the rising wage share

of supervisory workers.  One implications of this are explored

in the construction of a class rather than a factor approach to

distributive shares."

 

 

Simon's homepage:

 

http://www.qmul.ac.uk/~ugte154/

 

(nice smile in photo)

 

````````````````````````````````````````````

 

At another site, there is the article by Simon on "The Australian

Rate of Profit,  1965-2001":

 

http://www.jape.org/Jape52_09Mohun.pdf

 

 

_Journal of Australian Political Economy_, No. 52 (December, 2003),

30 pages.  Note that the years examined (65-01) are the same

as those studied in the distributive shares in  the US economy paper.

 

 

In solidarity, Jerry