"Profits Just Hit Another All-Time High, Wages Just Hit Another All-Time Low"

[applegrove]

Profits Just Hit Another All-Time High, Wages Just Hit Another All-Time Low

by Henry Blodget at Business Insider

http://www.businessinsider.com/profits-at-high-wages-at-low-2013-4

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


1) Corporate profit margins just hit another all-time high. Companies 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. What they're suffering from is a myopic obsession with short-term profits at the expense of long-term value creation).


................................

2) Wages as a percent of the economy just hit another all-time low. Why are corporate profits so high? One reason is that companies are paying employees 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 represent spending power for consumers. And consumer spending is "revenue" for other companies. So the profit obsession is actually starving the rest of the economy of revenue growth.

.............................

3) Fewer Americans are working than at any time in the past three decades. The other reason corporations are so profitable is that they don't employ as many Americans as they used to. As a result, the employment-to-population ratio has collapsed. We're back at 1980s levels now.

............................

In short, our current obsessed-with-profits philosophy is creating a country of a few million overlords and 300+ million serfs


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

[gateley]

1. K&R nt

[DirkGently]

2. That's about the size of it. (nt)

[progressoid]

3. USA! USA! USA!

[PatSeg]

4. And we are not surprised

This is insane.

[sulphurdunn]

5. What's boom-bust-bubble this time?

[xtraxritical]

6. Too depressing to do anything buy kick it.

[FiveGoodMen]

7. Little by little, slavery returns

Economic rather than racial, but slavery just the same.

When some control everything (including food and water) and everyone else has to beg to live, you better bet that's slavery.

And that's been the goal of the right all along.

[YOHABLO]

8. This is why we have to RAISE THE MINIMUM WAGE!!!

But it ain't gonna happen.

[RainDog]

9. k&r n/t

[bhikkhu]

10. "Fewer Americans are working than at any time in the past three decades" is a RW lie

That's a little dated, the numbers are higher now. 30 years ago it was 80-something million employed, today its about 140 million.

I know, because a bunch of RW hate-radio types said that exact thing to me the other day. They were certain they were right because hannity said it, but immediately changed the subject (to food stamps) when I looked up the actual numbers.

[valerief]

11. Well, THE MOST important thing in the world is to make rich people richer, after all.

They have to have EVERYTHING or nothing in their rarified world.

[raouldukelives]

12. Investors cheer! America is happy again! Won't you please give more today?

Don' forget! Even the smallest amount helps and they do appreciate the support. Why, they couldn't do it without you.