Wage-Share Constancy Hypothesis-A Regional Experience

There has been much controversy about the theory of constancy in wage-share. To some, this constancy appears just like the velocity of light. Keynes called it a bit of miracle. What is more significant is the fact that although it is interrupted by minor and major shifts, the wage-share stays at tbe new level as it did before, although some would prefer to call it inertia luther than stability.