Bofinger on DE wage share

[youtube http://www.youtube.com/watch?v=Xy0HUTH1RG0?wmode=transparent&autohide=1&egm=0&hd=1&iv_load_policy=3&modestbranding=1&rel=0&showinfo=0&showsearch=0&w=500&h=375]

Between 2000 and 2007, wage share of national income in Germany fell from 72% to 64%. (Since 2007 labour share has been increasing again.) But this fall is really dramatic. Wage share of national income general stays around 0.7 of national income a drop from 0.72 to 0.64 is really sharp.