The Left Wing Media has talked about this ad infinitum, yet no one in mainstream media has spread this information.
Corporate profits hit record highs in the second half of 2012, but that prosperity hasn’t led to the creation of jobs, since America’s biggest firms are sitting on stocks of cash instead of investing them back into the economy.
As a percentage of national income, corporate profits stood at 14.2 percent in the third quarter of 2012, the largest share at any time since 1950, while the portion of income that went to employees was 61.7 percent, near its lowest point since 1966. In recent years, the shift has accelerated during the slow recovery that followed the financial crisis and ensuing recession of 2008 and 2009, said Dean Maki, chief United States economist at Barclays.
Corporate earnings have risen at an annualized rate of 20.1 percent since the end of 2008, he said, but disposable income inched ahead by 1.4 percent annually over the same period, after adjusting for inflation.
From 2009 to 2011, 88 percent of national income growth went to corporate profits while just one percent went to workers’ wages, and hourly earnings for workers actually fell over that time. And while they aren’t investing in job growth, corporations are also paying taxes at a rate that hit a 40-year low in 2011.
- Why Republicans Love the Sequestration (slog.thestranger.com)
- Why are corporate profits not leading to more income growth and jobs? (aei-ideas.org)
- Companies in better shape to survive sequester than workers (bizjournals.com)
- Why the Dow is looking so healthy while the job market isn’t (prairieweather.typepad.com)
- Are You Stuck In One Of America’s Worst Paying Jobs? (nationaldebtrelief.com)
- The Great Wealth Robbery (ourfuture.org)
- Unemployment hits new record in euro zone, personal income plummets in US (talesfromthelou.wordpress.com)
- Corporate Cash Hoarding Continued (anirrationalviewoftheirrational.wordpress.com)
- We Are Half Way There!! (radicalglasgowblog.blogspot.com)