Mon Dec 3, 2012, 07:12 PM
jsr (7,712 posts)
U.S. corporate profits stronger than ever, workers' wages fallen to lowest-ever share of GDP
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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U.S. corporate profits stronger than ever, workers' wages fallen to lowest-ever share of GDP (Original post)
|woo me with science||Dec 2012||#4|
Response to jsr (Original post)
Mon Dec 3, 2012, 08:27 PM
senseandsensibility (13,228 posts)
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.