Wealth distribution: an unstable balance

The issue of how wealth is distributed between labor (wages) and capital (profits reinvested or used to compensate shareholders and banks) continues to be the subject of much exaggerated debate in the public sphere. The message highlighted by Oxfam in its report last April is misleading. The NGO conveniently chooses to compare the low point of the 2009 crisis to the peak of 2021 to suggest a 10-point decline in the share captured by employees. In reality, this share remains surprisingly stable over time and across developed countries: employees in these countries receive around two-thirds of the value created.

Full article in Les Echos, published on May 3, 2023
Illustration : Photo by NASA on Unsplash