Just your friendly reminder that stats don't lie:
| Year | Total US Wages | Total US Profits | Wages:Profit Ratio |
|---|---|---|---|
| 1970 | 434.3B | 47.9B | 9.1 |
| 2021 | 8.75T | 2.3T | 3.74 |
Source: bea.gov
This basically means that workers overall were paid about 9X profit in 1970. ($9 of wages for every $1 profit)
2021 saw that decrease to 3.74X. ($3.74 of wages for every $1 profit)
This does not even account for the fact that there are more than twice as many workers in 2021 as compared to 1970.
If the wage:profit ratio returned to 1970's ratio, every worker would, on average, earn about $10,000 more per year (more for full time, less for part time).