HAPPY FOURTH OF JULY!!! WHO LOVES THE COUNTRY FORMERLY KNOWN AS AMERICA?!?!
Maybe I'm slipping into an old
The “Jobless and Wageless” Recovery from the Great Recession of 2007-2009: The Magnitude and Sources of Economic Growth Through 2011 I and Their Impacts on Workers, Profits, and Stock Values
Here's the full report link
Here's the gist of it as reported elsewhere
Between the second quarter of 2009 and the fourth quarter of 2010, real national income in the U.S. increased by $528 billion. Pre-tax corporate profits by themselves had increased by $464 billion while aggregate real wages and salaries rose by only $7 billion or only .1%. Over this six quarter period, corporate profits captured 88% of the growth in real national income while aggregate wages and salaries accounted for only slightly more than 1% of the growth in real national income. The extraordinarily high share of national income (88%) received by corporate profits was by far the highest in the past five recoveries from national recessions.
commie propaganda mill national newspaper New York Times points out:
The current economic recovery in the United States has been unusually skewed in favor of corporate profits and against increased wages for workers...The study said that of the previous recoveries since the 1970s, the recovery following the 2000-1 recession was next worst in terms of the share of increased income going to wages and salaries. The study found that 15 percent of income growth went to aggregate wages and salaries in the six quarters after the recovery began following that recession, while 53 percent went to corporate profits. The growth in national income can also go to net interest, rental income or proprietors’ income.
So in summation:
Till Next Time!!! Have Some Hot Dogs & Beer and Vote Against Your Own Interests for Empty Rhetoric!!!