Postwar red years gave Italian workers 55 percent of national income, an unprecedented high

Evidence

Never had workers in either country gained such a high proportion of the national output. During these red years, the Italian wage share grew to 49 percent in 1919 from 35 percent in 1918, and peaked at 55 percent in 1922. Th is was a huge increase even compared to the prewar levels (44 percent in 1913). It meant that in 1921, capital reaped fewer fruits from economic growth than labor, something unseen until that moment. Capital share dropped from 65 percent in 1918 to 45 percent in 1922. — Clara E. Mattei, The Capital Order, 1484

Categorization

• XREF: connects to: Postwar British workers commanded a historically unprecedented share of national income — Clara E. Mattei, The Capital Order: How Economists…, 1485; Postwar labor power drove real wages and wage shares to postwar highs. — Clara E. Mattei, The Capital Order: How Economists…, 1553

Broader Connections

• Postwar labor power drove real wages and wage shares to postwar highs. #exemplifies (0.85) — Clara E. Mattei, The Capital Order, 1553
• Postwar British workers commanded a historically unprecedented share of national income #corroborates (0.80) — Clara E. Mattei, The Capital Order, 1485