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Thread: As Corporate Profits Soar, Workers are Making Less!

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    As Corporate Profits Soar, Workers are Making Less!

    Workers’ share of national income plummets to record low - Yahoo! News

    Why are workers taking home such a reduced share of the pie? Opinions differ, but many experts think that the trend has to do with a number of factors, including a decline in the bargaining power of labor, and increased competition from foreign workers. Similarly, over the last year or so, U.S. companies have made record profits, while unemployment has stayed high and wages have barely risen.
    The chart in the article is startling.

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    Re: As Corporate Profits Soar, Workers are Making Less!

    You're supposed to ignore inconvenient facts like that.

    After all, companies just can't remain competitive if they are forced to pay their workers decent wages and benefits.

    God Has Boobs. It's in the Bible.

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    Re: As Corporate Profits Soar, Workers are Making Less!

    Corporate profits are soaring, now? really?

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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by apdst View Post
    Corporate profits are soaring, now? really?
    Profits Are Booming. Why Aren’t Jobs?

    http://www.nytimes.com/2011/01/09/we.../09powell.html

    Corporate Profits At All-Time High As Recovery Stumbles

    Corporate Profits At All-Time High As Recovery Stumbles

    Why corporate profits are soaring as economic recovery drags

    Profits, economy: Why corporate profits are soaring as economic recovery drags - Los Angeles Times

    Just a little of what you'll find with a search.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by tlmorg02 View Post
    The chart in the article is startling.
    I may be wrong.

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    Re: As Corporate Profits Soar, Workers are Making Less!

    The super rich of this country are not Americans. They belong to a very different international community and they have no loyalties to our country. I don't know how long it will take people to figure it out, but lower taxes does not equate to a freer market.
    Quote Originally Posted by Bucky View Post
    The economy will improve under this bill. If a few people die, it will be for the betterament of this country.

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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by apdst View Post
    Corporate profits are soaring, now? really?
    soaring is not a technical term. It's more fluff.

    But they are up and healthy and have been for a while.
    I may be wrong.

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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by Boo Radley View Post
    Profits Are Booming. Why Aren’t Jobs?

    http://www.nytimes.com/2011/01/09/we.../09powell.html

    Corporate Profits At All-Time High As Recovery Stumbles

    Corporate Profits At All-Time High As Recovery Stumbles

    Why corporate profits are soaring as economic recovery drags

    Profits, economy: Why corporate profits are soaring as economic recovery drags - Los Angeles Times

    Just a little of what you'll find with a search.
    O'Bama bailouts, perhaps???

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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by apdst View Post
    O'Bama bailouts, perhaps???
    Wouldn't matter to the point, but I doubt it. The point is that while making profits, good profits, the wealth is not trickling down. Is that Obama's fault, since you brought it up?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: As Corporate Profits Soar, Workers are Making Less!

    Quote Originally Posted by Simon W. Moon View Post
    soaring is not a technical term. It's more fluff.

    But they are up and healthy and have been for a while.
    Not across the board, they're not.

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