Corporations Have Captured 88% Of All Post-Recession Income Growth

The corporate powers-that-be keep squeezing and squeezing, counting on propaganda, inculcation, and distraction to keep the people from realizing just how thoroughly they are being fucked. However, I for one think they've begun to overreach, to squeeze too hard (OWS being one of the first real indicators), and realization is beginning to set in.

Unfortunately, the political system has been almost totally corrupted by money...and our awakening will not (at first) accomplish anything. We'll vote for change, and it won't come. Then the real outrage will set it...and it will end in blood. I don't like (or advocate) this...but I really don't see any way out.

and they are dead locked in battleground states. lol.

telling his cohorts to squeeze them

the British Empire fell because of their brutality to the poor
and America Empire will fall too

Kings did this too King John ....taxed the people and abided by no laws except his

the French King did it also ....monarchies Templars and Dictators all fall

History repeats itself

CEO's should not be making this enormous salaries and workers should have representation of the Board of the company
Germany respects their workers and America approaches LABOR Day
and we need to respect the American Worker

but the majority of people I know don't own any stock or have a 401k.

Distribution of ownership within the US:

top 1% - about 62%
next 9% - about 31%
bottom 90% - about 7%

They are from March of this year; the info came from professor Domhoff of UC Santa Cruz.

Give me a good ol' reasonable rate of interest and I'll be happy. BUT.... for some reason I can't find anything over 1%. Now why is that?

If you want nothing to do with corporations I guess you have to loan money to the government but the US Treasury has pretty pathetic rates. Municipalities perhaps? But that may be tax free which seems to strike some as unpatriotic.

Not many options are there?

I have a followup appointment with a Financial adviser next week. Waiting for his recommendations. I wonder if the expected return will exceed his commissions. What do you think?

Wages for workers who never lost jobs have declined in a real sense.

There's a lot that's wrong with this picture, but it is not a simple one. The employment-population ratio tells the tale that the official stats don't:


The long steep rise of the employment population ratio that began in the later 70s was caused mostly by the entry of women into the US workforce.


And the emp/pop ratio ought to be declining now, but slowly. It fell out in the recession and has not recovered.

Worker's shares of incomes cannot recover until the employment slack is picked up, and in many ways the economy won't recover until workers' incomes recover.

Obama's reelection difficulties really have mostly to do with this graph:


An even worse story appears when you look at this graph:


The above graph is number of full-time jobs, so of course the number rises with time as the population expands. Never, since the GD, has the US seen a situation in which the number of full-time jobs has not at least reached pre-recession levels so long after the recession's end. We are almost at 2001 levels of full-time jobs, rather than at 2007 levels.

This all amounts to massive, massive labor slack and low aggregate worker real incomes.

It is not that worker compensation hasn't begun to rise again, as more people got back to work:


The 88% figure is meaningless, because of course most the gains went to the companies - they bore most the losses!


But corporate profits are now on the downturn, and it appears that the next recession may already have started:



So things aren't going to get much better for workers any time soon!

I remember well as a child arguments that women should be allowed to seek a career outside the home--if they wanted to!

The corporatists made it mandatory while we weren't looking. And slightly more than doubled the price of most things so that we are all worse off even after "doubling" our incomes.

We were duped.

I am old enough to remember that period.

Once they couldn't buy milk and meat to put on the table, housewives started looking for work. The one-income household as the model of middle/working class life died in that inflation. Think dried milk & Hamburger Helper.