Commerce Department data released today show that the share of national income going to wages and salaries in 2006 was at its lowest level on record with data going back to 1929. The share of national income captured by corporate profits, in contrast, was at its highest level on record. Wages and salaries have grown at a 1.9 percent average annual rate, after adjusting for inflation. In previous post-World War II recoveries, wages and salaries grew at an average annual rate of 3.8 percent. Corporate profits have grown at a 12.8 percent average annual rate, after adjusting for inflation, as compared with an average annual growth rate of 8.3 percent in the equivalent periods of past post-World War II business cycles. (See Appendix Table 1.) Republicans can not argue this, can they? Share of National Income Going To Wages and Salaries at Record Low in 2006 — Center on Budget and Policy Priorities Can't blame this on unions.