Bowley's law

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Bowley's law, also known as the law of the constant wage share, is a stylized fact of economics which states that the wage share of a country, i.e., the share of a country's economic output that is given to employees as compensation for their work (usually in the form of wages), remains constant over time.

Excerpt from the Wikipedia article “Bowley's law”, under the CC BY-SA 4.0 license. Read the article on Wikipedia