
The Everyday
US labor's share of income just hit its lowest level since 1947
The AI-and-jobs argument is moving off headcount and onto paychecks — and the government's own accounts now show workers losing ground on the biggest possible scale. Labor's share of US nonfarm business income fell to 52.8% in the second quarter of 2026, the lowest reading in a series that begins in the first quarter of 1947, according to the Bureau of Labor Statistics productivity report that CNBC examined this morning. That is not an AI finding; it is an accounting identity that says a shrink










