libertystreeteconomics.newyorkfed.org/2026/10/revenue-per-worker-is-up-are-firms-getting-a-larger-share Revenue per Worker Is Up. Are Firms Getting a Larger Share?
US labor productivity has nearly doubled its 2010s pace since 2019, but 10-K filings show the extra revenue isn't going to paychecks. Gross margins jumped from 34 percent of sales to 37 percent, and firms that spent more on R&D before 2019 captured the biggest gains.
— via Fed Reserve — Liberty Street
