In the last 30 years, there has been a great divergence between growth and workers' incomes, as the New York Times reminds us today. Corporate profits have soared, in the last decade especially, particularly because of three things: Globalization has pushed down the cost of labor available to multinational corporations; technology has allowed companies to make more with fewer workers, in general; and Big Finance has gobbled up the economy, as the banks' share of total corporate profits has tripled to about one-third since the middle of the last century
Races for the Senate, U.S. House, etc. and other issues of national importance.
2 posts • Page 1 of 1
Great Charts: http://www.theatlantic.com/business/arc ... my/273687/
Who is online
Users browsing this forum: Bing [Bot], universitylad, Yahoo [Bot] and 3 guests