labor's share of income; labor share
Economic term referring to the proportion of total income or value added that goes to labor (wages, salaries, benefits) as opposed to capital. Used in macroeconomics and labor economics.
Japan's labor share has been on a declining trend in recent years.
To calculate the labor share, divide personnel expenses by value added.
Compound of 労働 (labor) + 分配 (distribution, share) + 率 (rate, ratio). A straightforward modern technical term.