Guess which one is going up and which one isn't.
In particular, Merrill links to a commentary by IMF researcher Florence Jaumotte that notes, in part:
In many European economies, workers are not worse off after the Great Recession in terms of their share of national income. The labor share is still higher today than just before the Great Recession in many economies. Yet, in the United States and in a few European economies (especially Greece and Spain), the labor share remains well below its precrisis level.