Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low

Discussion in 'Media' started by hvactec, Jun 24, 2012.

  1. hvactec
    Offline

    hvactec VIP Member

    Joined:
    Jan 17, 2010
    Messages:
    1,315
    Thanks Received:
    106
    Trophy Points:
    83
    Location:
    New Jersey
    Ratings:
    +132
    in case you need more confirmation that the US economy is out of balance, here are three charts for you.

    1) Corporate profit margins just hit an 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).

    [​IMG]

    2) Fewer Americans are working than at any time in the past three decades. One reason corporations are so profitable is that they don't employ as many Americans as they used to.

    3) Wages as a percent of the economy are at an all-time low. This is both cause and effect. One reason companies are so profitable is that they're 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 other companies' revenue.

    read more, 2nd & 3rd chart Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low - Business Insider
     
    Last edited: Jun 24, 2012
  2. Wry Catcher
    Offline

    Wry Catcher Platinum Member

    Joined:
    Aug 3, 2009
    Messages:
    31,745
    Thanks Received:
    4,242
    Trophy Points:
    1,160
    Location:
    San Francisco Bay Area
    Ratings:
    +8,155
    The only facts or figures which those who support the GOP will accept as relevant/important are those which at the moment confirm their preconceived opinions.

    Remember their hysteria as gas prices rose? Silence as they are now dropping.
     
  3. waltky
    Offline

    waltky Wise ol' monkey Supporting Member

    Joined:
    Feb 6, 2011
    Messages:
    20,806
    Thanks Received:
    1,789
    Trophy Points:
    215
    Location:
    Okolona, KY
    Ratings:
    +3,866
    Granny wantin' to know if the gubmint can afford to give alla dat money to big business - how come she still ain't got her 2nd stimulus check?...
    :eusa_eh:
    'Corporate Welfare' Costs Taxpayers Almost $100 Billion in FY 2012, Cato Report Finds
    August 3, 2012 – Subsidies to businesses in the federal budget in Fiscal Year 2012 cost taxpayers almost $100 billion, according to a new report from the Cato Institute.
     
  4. Sallow
    Offline

    Sallow The Big Bad Wolf. Supporting Member

    Joined:
    Oct 4, 2010
    Messages:
    56,535
    Thanks Received:
    6,132
    Trophy Points:
    1,840
    Location:
    New York City
    Ratings:
    +7,394
    It's sort of typical for the CATO institution to correctly identify some problems..but come to an entirely wrong conclusion.

    It would have better served the American people had both TARP and Stimulus come with some conditions.

    Like hiring Americans and sharing profits more equitably across the board.
     
  5. Rozman
    Offline

    Rozman Gold Member Supporting Member

    Joined:
    Sep 18, 2009
    Messages:
    16,573
    Thanks Received:
    3,060
    Trophy Points:
    290
    Location:
    Brooklyn,NY
    Ratings:
    +6,687

    I don't understand the concept of sharing profits.
    The company hires someone to work.The company benefits from that labor
    in return they pay a salary and in most cases offer some form of Health Care package.
    This is the compensation for working for the company.

    Now the company is obligated to pass along their profits to the workers.
    They have been compensated already. :confused:
     
  6. rdean
    Offline

    rdean rddean

    Joined:
    Aug 9, 2009
    Messages:
    60,070
    Thanks Received:
    6,884
    Trophy Points:
    1,840
    Location:
    chicago
    Ratings:
    +14,916
    Republicans say that's how it's supposed to be. They are very self satisfied.
     
  7. CrusaderFrank
    Offline

    CrusaderFrank Diamond Member

    Joined:
    May 20, 2009
    Messages:
    81,175
    Thanks Received:
    14,905
    Trophy Points:
    2,210
    Ratings:
    +36,918
    It's the same thing that happened during the New Deal, a Marxist Ideologue President terrified US businesses into sitting still. That's what happening today: Obama's radical idea are making businesses just stockpile cash
     
  8. rdean
    Offline

    rdean rddean

    Joined:
    Aug 9, 2009
    Messages:
    60,070
    Thanks Received:
    6,884
    Trophy Points:
    1,840
    Location:
    chicago
    Ratings:
    +14,916
    Sometimes you say something only mildly stupid, but not this time.

    Corporations have said, "Without demand, no jobs". You know, Demand as in "Supply and Demand"?

    Companies don't just make jobs. It's one of those really stupid Republican policies like "trickle down" and "cut taxes on the rich and they will create jobs". These are fantasy that doesn't work.
     
  9. Dot Com
    Offline

    Dot Com Nullius in verba Supporting Member

    Joined:
    Feb 15, 2011
    Messages:
    49,283
    Thanks Received:
    7,537
    Trophy Points:
    1,830
    Location:
    Fairfax, NoVA
    Ratings:
    +16,238
    that must be what republican jesus wants. :dunno:
     
  10. waltky
    Offline

    waltky Wise ol' monkey Supporting Member

    Joined:
    Feb 6, 2011
    Messages:
    20,806
    Thanks Received:
    1,789
    Trophy Points:
    215
    Location:
    Okolona, KY
    Ratings:
    +3,866
    Made in America becoming popular again...
    :cool:
    ‘Made in US’ more popular with firms as wages decline
    Mon, Sep 24, 2012 - Watch out China and Canada, “Made in America” has an attractive ring to it these days.
     

Share This Page