The American dream is dead - work does not make your life

On December 30, 2019 I published a post "The labor income share plummets" where a simple graph was shown - the evolution of labor income share in the USA. I also started the December 30's post with a few banal words - One needs just one graph to understand the increasing stress in US society (data from the BEA -Table 1.10. Gross Domestic Income by Type of Income). Now it is clear that the observed trend in the labor income loss had dramatic progress into 2020 with the COVID-19 pandemic. Two negative processes resulted in the revolutionary racial and social movement. No data on income share is available but the unemployment rate and the fall in GDP suggests that the curve may well drop below the 1929 level. The rage related to the loss in labor income was enhanced by the stock market stability - the Fed has fed the richest investors with trillions. Rich people become richer when poor lost the last hope. The American dream is dead -  work does not make your life.