New answers tagged definition
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You are most likely looking for labor or wage share defined as the ratio of labor costs to nominal GDP. It basically expresses how much share of nominal GDP gets captured by labor.
You can find the data for the labor share in the US here, under that bit of text (for some reason I could not find direct link to pure dataset). The data are from the US bureau ...
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Friend,
Just to add on to the previous post.
According to the BEA (www.bea.gov): durable goods are tangible products that can be stored or inventoried and that have an average life of at least three years.
Non-durable goods are tangible products that can be stored or inventoried and that have an average life of less than three years.
The taxonomy of the ...
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The US BEA defines durable goods as those lasting three years or more:
PCE is classified by type of product as follows. Goods consist
primarily of tangible commodities that can be stored or inventoried,
but they also include certain intangible products, such as software.
Durable goods are goods that have an average useful life of at least 3
...
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