Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low – Business Insider
The message that is being portrayed in this article (and I do recommend that you click on the link at the bottom to see more charts) is one that I think a lot of my friends/family miss when they say that they don’t like politics and don’t like paying attention to them, yet they seem to have such strong opinions about them. Of course this information should be on the table for debate, and with that in mind I am asking for responses and replies that would suggest that this is/is not true. Please fill me in if you know something that I don’t.
1) Corporate profit margins just hit an all-time high. are making more per dollar of sales than they ever have before. (And some people are still saying that companies are suffering from “too much regulation” and “too many taxes.” Maybe little companies are, but big ones certainly aren’t).
2) Fewer Americans are working than at any time in the past three decades. One reason corporations are so profitable is that they don’t employ as many Americans as they used to.
3) Wages as a percent of the economy are at an all-time low. This is both cause and effect. One reason companies are so profitable is that they’re paying less than they ever have as a share of GDP. And that, in turn, is one reason the economy is so weak: Those “wages” are other companies’ revenue.
In short, our current system and philosophy is creating a country of a few million overlords and 300+ million serfs.
That’s not what has made America a great country. It’s also not what most people think America is supposed to be about.
So we might want to rethink that.
Meanwhile, if you want to know more about what’s wrong with the economy, flip through these charts:
I’ve decided to attach all of the charts from this article, but if you’d like them explained click on the link above (or right here)