arts
This number helps explain why many Americans are down on the economy
By Aimee Picchi at CBS4 Miami
· June 30, 2026
· 5 min read
American workers' share of the economic pie has fallen to its lowest level since at least 1947, when the federal government began tracking the data, according to an analysis by Federal Reserve economists. The measure, known as "labor share of income," tracks how much of the nation's economic output
Key takeaway 1% of national income, according to research from the Federal Reserve Bank of New York.
Why this matters in The Miami
In Miami , where the cost of living is notoriously high, the decline in labor share of income hits particularly hard. With a large proportion of residents working in the service industry, which often pays lower wages, many Miamians are likely to be feeling the pinch of stagnant wages and rising inflation. The city's thriving neighborhoods, such as Wynwood and Brickell, may be hubs for economic activity, but the benefits of that growth may not be trickling down to the workers who call Miami home. As the city continues to attract new businesses and investments, it will be crucial to ensure that workers are able to share in the gains, rather than just watching as profits flow to CEOs and investors. With sea-level rise and hurricane risks already straining the city's resources, the economic precariousness of many Miamians is a pressing concern that demands attention from local policymakers.
About this story
Original reporting by CBS4 Miami . The Miami surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit CBS4 Miami . Have a tip or correction? Contact our newsroom .
Category: arts ·
Published: June 30, 2026 ·
Source: CBS4 Miami ·
Reading time: 5 min
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Frequently asked about this story
What is this story about? American workers' share of the economic pie has fallen to its lowest level since at least 1947, when the federal government began tracking the data, according to an analysis by Federal Reserve economists. The measure, known as "labor share of income," tracks how much of the nation's economic output
When was this published? This article was first published on June 30, 2026 by CBS4 Miami and curated for The Miami readers.
Who reported this story? This story was reported by Aimee Picchi at CBS4 Miami. To learn more about how The Miami selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more arts coverage from The Miami, or browse our daily briefing and topic hubs .
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