Workers’ share of GDP across the world
Source here.
Here for more info about what it entails.
Compensation
of employees is the total in-cash or in-kind remuneration payable to
the employee by the enterprise for the work performed by the employee
during the accounting period. Compensation of employees includes:(i) wages and salaries (in cash or in kind) and
(ii) social insurance contributions payable by employers.
This
concept views compensation of employees as a cost to employer, thus
compensation equals zero for unpaid work undertaken voluntarily.
Moreover, it does not include taxes payable by employers on the wage and
salary bill, such as payroll tax.Richer
countries tend to have higher labor share of GDP. Some interesting
exception are Honduras, Nigeria, and Lesotho on one side, Ireland and
the Gulf States on the other.Caveat:
comparisons only make sense in economies of similar GDP per capita.
Austria has a lower labor share than Moldova, but employees are better
compensated in Austria.I chose the color scheme to be centered around the global average, which is 53.9%.