Corporates profits are taking the largest share of the national output on record.
Wage-earners are getting the smallest share of the national output on record.
The fraction of Americans with jobs is the smallest in more than 30 years.
It does no good for corporations to do well if people aren’t doing well. Things need to be brought back into balance.
One thing I learned in 24 years working for Gannett newspapers was that when you want to present economic data, one good chart can be worth a thousand words. For more good charts, click on Dear America: You Should Be Mad As Hell About This and The Economy: Time for Companies to Pay Their Employees More by Henry Blodget of Business Insider, where I first saw the charts above.
Tags: Corporate profits, Declining wages, Employment, Record High Corporate Profits, Record Low Wages, Wages
June 27, 2012 at 2:55 pm |
[...] have been able to keep more of their revenues as profits for their owners and shareholders. As these charts show, corporate profits as a percentage of GDP are at a record high while wage earners’ share of [...]