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Explore the evolving landscape of wage share in national income in Global South economies since 1970. Analyze the relationship between adjusted labor share and compensation per employee in the context of total employment and GDP. Data source: Onaran and Galanis, 2012.
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Global South Wage share in national income (1970=100) • *Adjusted labour share= compensation per employee*Total employment/GDP at factor cost • Source: Onaran and Galanis 2012