Addressing the Falling Labour Share in the UK and Beyond: Labour Law's Call to Arms

Economic studies jointly carried out by the ILO and OECD, as well work of economist Thomas Piketty has heightened public attention to fact that share GDP in G20 (and other developed developing) countries paid earned income dropped since early 1980s, with a corresponding increase going capital. To what extent can Labour Law contribute reversal this decline labour share? Some commentators argue reforms designed strengthen trade unions encourage broader collective bargaining coverage working population will lead correction. Others have recommended corporate governance prioritise more worker representational participation on boards corporations promote interests labour. This paper consider both these suggestions, alongside others, advance proposition inventive modes regulatory thinking new law solutions are required, which tailored economic social exigencies prevailing system liberal meritocratic capitalist market exchange. The claim is careful analysis current incarnation capitalism (liberal meritocratic) help us identify appropriate nature, scope content any motivated desire resist decline. provide preliminary basic sketch how those adaptations rules should be configured.