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

From: Gerald_A_Levy@MSN.COM
Date: Mon Jan 24 2005 - 12:51:13 EST

A working paper, "Distributive Shares in the U.S. Economy, 
1964-2001" by Simon M.  Revised version 11/04. 33 pages.


"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:


(nice smile in photo)


At another site, there is the article by Simon on "The Australian 
Rate of Profit,  1965-2001":


_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

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