U.S. corporate profits stronger than ever, workers' wages fallen to lowest-ever share of GDP

[jsr]

http://money.cnn.com/2012/12/03/news/economy/record-corporate-profits/

Corporate profits hit record as wages get squeezed
By Chris Isidore

NEW YORK (CNNMoney) -- Just four years after the worst shock to the economy since the Great Depression, U.S. corporate profits are stronger than ever.

In the third quarter, corporate earnings were $1.75 trillion, up 18.6% from a year ago, according to last week'si gross domestic product report. That took after-tax profits to their greatest percentage of GDP in history.

But the record profits come at the same time that workers' wages have fallen to their lowest-ever share of GDP...

A separate government reading shows that total wages have now fallen to a record low of 43.5% of GDP. Until 1975, wages almost always accounted for at least half of GDP, and had been as high as 49% as recently as early 2001. ...

[Scuba]

1. As soon as the wealthiest have all the money they'll create a job. Honest.

[HiPointDem]

2. kr. this is what's wrong with 'the economy,' not the debt/deficit.

[senseandsensibility]

3. This coincides with the president we are never supposed to mention,

and the years he was in office. AND all the repubs want to repeat what he did.

[woo me with science]

4. K&R