> The growing wedge between productivity and typical workers’ pay is income going everywhere but the paychecks of the bottom 80% of workers. If it didn’t end up in paychecks of typical workers, where did all the income growth implied by the rising productivity line go? Two places, basically. It went into the salaries of highly paid corporate and professional employees. And it went into higher profits (returns to shareholders and other wealth owners). This concentration of wage income at the top (growing wage inequality) and the shift of income from labor overall and toward capital owners (the loss in labor’s share of income) are two of the key drivers of economic inequality overall since the late 1970s.

This part:

> returns to shareholders and other wealth owners

My understanding is that "other wealth owners" include... pensioners (through pension funds), is that correct ?

Beside the sheer greed of shareholders, how much does the curve boil down to "companies have to use revenues to pay current workers and previous workers, and we make new 'previous workers' every year" ?