Where Are Our Priorities?

[Omaha Steve]

http://blog.aflcio.org/2007/04/12/where-are-our-priorities/

Where Are Our Priorities?

by Tula Connell, Apr 12, 2007

We already know that U.S. workers, the most productive in the world, are not seeing their efforts translate into comparable wages: Average inflation-adjusted wages today are only 15 percent higher than in 1980, despite a 67 percent increase in productivity.

Now, as tax time approaches, the Center on Budget and Policy Priorities (CBPP) released its annual report showing how the national income pie is sliced. And for the majority of working people, that slice is getting smaller and smaller.



The report finds the share of U.S. national income paid to wage and salary workers fell to a new low in 2006, while the share going to corporate profits was the highest on record.

Employees’ pay declined to 51.6 percent of national income, from the previous low of 52.4 percent in both 2005 and 2004, according the CBPP’s analysis of federal government data. Small percentage declines can make a big difference because each one-tenth of 1 percent amounts to $117 billion in national income, CBPP said. In contrast, corporate profits’ share of national income has increased sharply each year since the 2001 recession, when they bottomed out at 8.5 percent, and hit 13.8 percent in 2006, matching the record high set in 1942.

FULL story at link.

[bread_and_roses]

1. and when will people wake up and say enough? (n/t)

[orpupilofnature57]

2. 300% profit requires a ton of oppression ,War, pestilence and Disease

are all they have left.