In which large OECD countries have wage earners lost the most bargaining power?
In all the large OECD countries, the unemployment rate is now close to the structural unemployment rate and hiring difficulties are significant. If a country’s income distribution continues to be skewed to the detriment of wage earners despite this situation, it can be concluded that wage earners’ bargaining power is truly weak. In the most recent period: The wage share of GDP has risen in all countries except the United States and Japan; The wage share of GDP has fallen in the United States and Japan. It is in these two countries - especially the United States - that wage earners’ bargaining power has truly weakened. This can be linked to de-unionisation and to the decline in the weight of industry.