Abstract
When workers derive their incomes from ownership of multiple productive factors, labor's share of GDP has little bearing on income distribution. Workers' share of aggregate primary income is a more useful concept. Using household survey data from the Current Population Survey, I show that while the US labor share declined by 4.4 points during 1975-2021, workers' share actually increased by 1.2 points. The reason is that workers' capital income rose and more than compensated for labor income decline. Although such a rise is concentrated toward the top of the wage distribution, workers' share increased also at the bottom, but not in-between.