The graphs show a direct relationship between unemployment and labor share of national income for every recession but the last one.
ah that clicks it into place - i was reading the titles differently.
let's see:
1950: unemployment goes up, labor share goes down
1954: unemployment goes up, labor share goes down
1958: unemployment goes up, labor share goes down
1961: unemployment goes up, labor share spikes and then goes down
1970: unemployment goes up, labor share goes down
1974: unemployment goes up, labor share goes down
1980: unemployment goes up, labor share goes down
1982: unemployment goes up, labor share goes down
1991: unemployment goes up, labor share goes down
2001: unemployment goes up, labor share goes down
2009: unemployment goes up, labor share goes down
well, I sit corrected. those two charts are relevant. they seem to demonstrate that LesGovt was correct, and the price of labor falls as unemployment rises.