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"Corporate Profits Are Eating the Economy"

Races for the Senate, U.S. House, etc. and other issues of national importance.

"Corporate Profits Are Eating the Economy"

Postby Zinnvisible » Tue Mar 05, 2013 2:28 pm

Great Charts: http://www.theatlantic.com/business/arc ... my/273687/

In the last 30 years, there has been a great divergence between growth and workers' incomes, as the New York Times reminds us today. Corporate profits have soared, in the last decade especially, particularly because of three things: Globalization has pushed down the cost of labor available to multinational corporations; technology has allowed companies to make more with fewer workers, in general; and Big Finance has gobbled up the economy, as the banks' share of total corporate profits has tripled to about one-third since the middle of the last century
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Re: "Corporate Profits Are Eating the Economy"

Postby SidSeven » Wed Mar 27, 2013 4:18 am

When the rich have ALL the money, money would seem to then have no real value. Hey! Let's all start our own economy, & we won't let them play.
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