Commerce Secretary Lutnick projects 6% GDP growth as workers' share of economy falls to 53.8%, lowest since 1947

Commerce Secretary Howard Lutnick projected US GDP growth could exceed 6% if the Federal Reserve cut interest rates, speaking at Davos in January 2026. Simultaneously, BLS data showed workers' share of national income had dropped to 53.8% in Q3 2025, the lowest since records began in 1947, down from 70% in 1947. Critics noted the contradiction between promises of economic growth and the record-low labor share, which means corporate profits and capital income are capturing an unprecedented portion of GDP gains.