During the last inflation crisis in the 1970s, nearly 70% of economic output went to employees, with just over 20% going to profits, according to Eurostat data. Now, labour's share stands at 56% with a third going to profits.
https://www.reuters.com/markets/europe/ecb-confronts-cold-reality-companies-are-cashing-inflation-2023-03-02/
ECB confronts a cold reality: companies are cashing in on inflation
Huddled in a retreat in a remote Arctic village, European Central Bank policymakers faced up last week to some cold hard facts: companies are profiting from high inflation while workers and consumers foot the bill.
CRG