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applegrove

(118,026 posts)
Tue Apr 2, 2013, 11:49 PM Apr 2013

"U.S. corporate profits soar in 2012. Workers get little of it."

U.S. corporate profits soar in 2012. Workers get little of it.

http://blogs.marketwatch.com/thetell/2013/03/28/u-s-corporate-profits-soar-in-2012-workers-get-little-of-it/

"SNIP...........................................


The company bottom line is faring a lot better these days than the average American’s weekly paycheck. In 2012, corporate profits as a share of the economy hit the highest level since World War Two, but the overall compensation of workers fell to a 57-year low.

Last year, the profit of corporations rose to 12.4% of gross domestic product – the value of all goods and services produced in the U.S. That was up slightly from 12.1% in 2011 and marked the highest rate since 1943.

By contrast, compensation slipped to 54.6% of GDP in 2012 from 55% in both 2012 and 2011, according to the Commerce Department. That’s the lowest level since 1955, when Dwight D. Eisenhower was president.

Compensation includes wages, bonuses, pension contributions and benefits such as health care. As a share of the economy, compensation hit an all-time peak of 59.4% in 1970. It’s been gradually trending lower since the 1980s, except for an upward burst during the dotcom-bubble era of the late 1990s.


..........................................SNIP"
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