Loading ...If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Hardly a day goes by when you don’t read about some corporate fat cat celebrating all-time high profits for his company. News that might actually be good news if they weren’t too busy whoring up all the profits for themselves.
As a result, wages and salaries now make up the lowest share of the nation’s gross domestic product since the government began recording the data in 1947, while corporate profits have climbed to their highest share since the 1960’s. UBS, the investment bank, recently described the current period as “the golden era of profitability.”
After factoring in inflation the median hourly wage for Americans has fallen by 2% since 2003. It doesn’t take much to figure out who’s doing the fucking in this case.
Real Wages Fail to Match a Rise in Productivity [NYT]
—admin
Subscribe to Metadish using an 
Post a Comment