No, The K-Shaped Economy Isn’t Over. Here’s the Data
Labors’ share of the national income is the lowest it has been since this has been measured.
We live in a world based on giant firms that are efficient and can do a lot of things with few workers. Needing less workers means workers have less bargaining power and therefore get paid less. Globalization also weakens bargaining power as companies can move some of the work overseas.
https://www.youtube.com/watch?v=lgcNgo6IIpM