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Mon Dec 3, 2012, 07:12 PM

U.S. corporate profits stronger than ever, workers' wages fallen to lowest-ever share of GDP

http://money.cnn.com/2012/12/03/news/economy/record-corporate-profits/

Corporate profits hit record as wages get squeezed
By Chris Isidore

NEW YORK (CNNMoney) -- Just four years after the worst shock to the economy since the Great Depression, U.S. corporate profits are stronger than ever.

In the third quarter, corporate earnings were $1.75 trillion, up 18.6% from a year ago, according to last week'si gross domestic product report. That took after-tax profits to their greatest percentage of GDP in history.

But the record profits come at the same time that workers' wages have fallen to their lowest-ever share of GDP...

A separate government reading shows that total wages have now fallen to a record low of 43.5% of GDP. Until 1975, wages almost always accounted for at least half of GDP, and had been as high as 49% as recently as early 2001. ...

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Reply U.S. corporate profits stronger than ever, workers' wages fallen to lowest-ever share of GDP (Original post)
jsr Dec 2012 OP
Scuba Dec 2012 #1
HiPointDem Dec 2012 #2
senseandsensibility Dec 2012 #3
woo me with science Dec 2012 #4

Response to jsr (Original post)

Mon Dec 3, 2012, 07:14 PM

1. As soon as the wealthiest have all the money they'll create a job. Honest.

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Response to jsr (Original post)

Mon Dec 3, 2012, 07:22 PM

2. kr. this is what's wrong with 'the economy,' not the debt/deficit.

 

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Response to jsr (Original post)

Mon Dec 3, 2012, 08:27 PM

3. This coincides with the president we are never supposed to mention,

and the years he was in office. AND all the repubs want to repeat what he did.

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Response to jsr (Original post)

Mon Dec 3, 2012, 09:28 PM

4. K&R

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