Average profits and the labour share, 1995–2005.

Notes: The scatterplot depicts the direction of the relationship between the labour share and the average profits (in logs) in red, while in blue with respect to the capital share (being complementary to the labour share by construction). Source: Amit Zac and others, ‘Competition Law and the Labour Share’ (2021); The figures were recreated by ProMarket blog (2022).