This book is about labor income share, which measures the share of national income paid in wages. The global share of income going towards labor is declining, which suggests a more unequal distribution of income. This has sparked debates about fair distribution of personal incomes among academics and policymakers alike. This book joins the discussion by bringing together recent developments in theoretical and empirical research on labor income share and novel insights on the measurement of the labor income share. The aim of this book is to help design policies to reduce inequality and provide useful knowledge to academics, policymakers from government agencies, policy aides in research institutions and think tanks, and broader audiences from public and private organizations. Saumik Paul has been working on the labor income share for over four years. He has edited books and published journal articles on the same topic. His ongoing research focuses on the drivers of the labor income share at the firm and sector level. He is also interested in the measurement issues of the labor income share. Saumik is currently employed at Newcastle University, UK and holds affiliation with the Institute of Labor Economics (IZA) and Household in Conflict Network (HiCN).