FT - Pre-tax earnings hit an annualised $4.8 trillion in the second quarter, or 18 percent of national income, according to Bureau of Economic Analysis data, the highest share since the aftermath of the second world war.

Employees’ share from wages and benefits fell to 60 per cent, the lowest level since the 1950s.

“What we’re seeing today is that there are really two separate economies: one for people who make their primary income through investment and passive income . . . and then typical workers who clock in day in and day out.”