Rewards are going disproportionately toward capital instead of labor

Profits have soared since the pandemic, and the market value attached to those profits even more. 

The result: Capital, which includes businesses, shareholders and superstar employees, is triumphant, while the average worker ekes out marginal gains.

The divergence between capital and labor helps explain the disconnect between a buoyant economy and pessimistic households. It will also play an outsize role in where the economy goes from here.

Greg Ip Wall Street Journal Feb. 9, 2026

https://www.wsj.com/economy/jobs/capital-labor-wealth-economy-2fcf6c2f


The invisible line beyond which many Americans tumble out of the middle class.

As one commentator widely credited with popularizing the phrase put it: many Americans appear comfortable on the surface — living in large homes and driving pickup trucks — but are in reality just one bad shock away from bankruptcy, or worse.

https://englundmacro.blogspot.com/2026/02/bessent-kill-line-and-k-shaped-economy.html


Hur KAN det komma sig att så många röstade på Trump?


Den stora gåtan är hur just Donald Trump kunde lyckas. Är det ens möjligt att vara mindre folklig än någon som växt upp i en förmögen familj, sluppit undan Vietnamkriget på grund av tveksam hälsporre och som nu bor med sin 24 år yngre fru i en 120-rummare i Florida?

https://englundmacro.blogspot.com/2026/02/bessent-kill-line-and-k-shaped-economy.html





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