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(NEW YORK CITY) – Workers\u2019\u00a0share of the New York City economy has decreased in the last 25 years while Capital-Owners’ share in the City grown to a higher point than the country as a whole, an Economist in The New School found. In a new report, Mohamed Obaidy – the Associate Director of The New School\u2019s Center for New York City Affairs, found business owners have benefitted more than Workers from the increase in Worker productivity over the last quarter-century – and that by 2024 capital was reaping a higher percentage of the New York City economy than it was in New York State or in the country as a whole.\u00a0\u201cOver the last two decades, Labor\u2019s share of economic output declined, while the capital\u00a0share increased,\u201d reads the report, titled: Labor, Capital, and Inequality in New York: A Functional Income Approach<\/a>. \u201cThis pattern is visible nationally, but it is more pronounced in New\u00a0York State. A smaller share of economic output is being paid out in the form of wages,\u00a0salaries and benefits, while a larger share is accruing to capital income, or profit.\u201d\u00a0In total, Workers\u2019 share of economic output – measured\u00a0by Worker compensation of wages and benefits\u00a0– declined from just under 56% in 2001 to just over 49% in 2024. Over the same period, Capital\u2019s share – measured by gross operating surplus that combines profit and other factors – increased from just under 40% to 46%. \u00a0<\/p>\n