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What (who) is wage share - definition
Wage share
![Labor share in the [[United States]] from 1948–2016, comparing time series from the [[Bureau of Labor Statistics]] and [[Bureau of Economic Analysis]].](https://commons.wikimedia.org/wiki/Special:FilePath/FRED graph of US labor share 1948–2016.svg?width=200 "Labor share in the [[United States]] from 1948–2016, comparing time series from the [[Bureau of Labor Statistics]] and [[Bureau of Economic Analysis]].")
In economics, the wage share or labor share is the part of national income, or the income of a particular economic sector, allocated to wages (labor). It is related to the capital or profit share, the part of income going to capital,
Labor share
In economics, the wage share or labor share is the part of national income, or the income of a particular economic sector, allocated to wages (labor). It is related to the capital or profit share, the part of income going to capital,
Wage labour
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RELATIONSHIP WHERE A WORKER SELLS LABOUR TO AN EMPLOYER
Wage-labor; Wage labor; Wage-labour; Wage laborer; Paid work; Wage labourer
Wage labour (also wage labor in American English), usually referred to as paid work, paid employment, or paid labour, refers to the socioeconomic relationship between a worker and an employer in which the worker sells their labour power under a formal or informal employment contract.: "All labor contracts were/are designed legally to bind a worker in one way or another to fulfill the labor obligations the worker has undertaken.
