Guess things aren't as bad as they seem for corporations, or what we've heard from the Republicans. What doesn't seem to be a concern? Lower and lower wages:
Think Progress: A constant conservative charge against President Obama is
that he is inherently anti-business. In the third quarter of this year, “corporate
earnings were $1.75 trillion, up 18.6% from a year ago.”
Corporations are
currently making more as a percentage of the economy than they ever have since
such records were kept. But at the same time, wages as a percentage of the
economy are at an all-time low, as this chart shows. (The red line is corporate
profits; the blue line is private sector wages.):
Corporations made
a record $824 billion in profits last year as well, while the stock
market has had one
of its best performances since 1900 while Obama has been in office.
Meanwhile, workers are getting the short end of the stick.
As CNN Money explained, “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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