Employee Compensation as a Percent of GDP

Two questions:

1. Why does no one say the Biden economy is good?  One reason: As a percent of GDP, employee compensation has never been lower:

2. Is that Biden's fault?  No. Employee compensation has been all downhill for half a century. That's not Biden's fault.

 

Third question: What is to be done?  The first three steps in solving a problem are

1. Correctly understand the problem.
2. Correctly understand the cause of the problem.
3. Correctly understand the cause of that cause.

Hint: Low employee compensation is not the problem. It's a result.