The Guardian view on Keynesian naivety: workers must be able to bargain for a fair share

There is a more straightforward answer than individual greed, and one that ought to be heeded as artificial intelligence rapidly advances. The ILO warned last week that “global labour income share, which represents the portion of total income earned by workers, fell by 0.6 percentage points from 2019 to 2022 and has since remained flat”. It went on to say that since 2004, workers have missed out on $2.4tn (£1.8tn) in income. Where has cash has gone? Into booming corporate profits.