José Azar(@joseazar):The US labor share is at all time lows, but real wages are going up. So are things going well or not? It depends on whether people care more about consumption of the goods the economy produces, versus positional goods (that depend on relative status). We wrote a one-page paper, keeping it as simple as possible, w/ @mireiagine. Link to paper (although the whole paper fits in one image):

José Azar

@joseazar

Economist @unav @iesebschool. Writing on labor economics, corporate governance, industrial organization.

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José Azar@joseazar

2026.09.22 10:27

The US labor share is at all time lows, but real wages are going up. So are things going well or not? It depends on whether people care more about consumption of the goods the economy produces, versus positional goods (that depend on relative status). We wrote a one-page paper, keeping it as simple as possible, w/ @mireiagine. Link to paper (although the whole paper fits in one image):