Since 2009, 88 Percent Of Income Growth Went To Corporate Profits, 1% Went to Wages

Discussion in 'Politics' started by Political Junky, Sep 16, 2011.

  1. Political Junky
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    Political Junky Gold Member

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    Since 2009, 88 Percent Of Income Growth Went To Corporate Profits, Just One Percent Went To Wages | ThinkProgress

    After the longest recession since WWII, many Americans are still struggling while S&P 500 corporations are sitting on $800 billion in cash and making massive profits. Now, economists from Northeastern University have released a study that finds our sluggish economic recovery has almost solely benefited corporations. According to the study:
    “Between the second quarter of 2009 and the fourth quarter of 2010, real national income in the U.S. increased by $528 billion. Pre-tax corporate profits by themselves had increased by $464 billion while aggregate real wages and salaries rose by only $7 billion or only .1%. Over this six quarter period, corporate profits captured 88% of the growth in real national income while aggregate wages and salaries accounted for only slightly more than 1% of the growth in real national income. …The absence of any positive share of national income growth due to wages and salaries received by American workers during the current economic recovery is historically unprecedented.”
    <more>
     
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  2. Oddball
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    Where the hell do you think the money to pay wages comes from, you fucking dunce?
     
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  3. Moonglow
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    Moonglow Diamond Member

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    but we need more no tax paying billionairs
     
  4. rdean
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    rdean rddean

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    This is news that should thrill Republicans.

    They think that the day Perry becomes president, business will pour two trillion dollars into the American economy and "create jobs". That's why I truly believe the right wing has become a party of fools with a fringe on top.
     
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  5. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    Gee. If the Feds taxed every penny of this increase in profits generated between Q2-2009 and Q4-2010, that $464B would cover about three months of the Obama Deficits.
     
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  6. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    I'll also note that $528B of Real Income Growth after the supposed end of a deep recession is incredibly Piss Poor.

    It would behoove the OP to consider Why The Economy Is Not Growing (and creating jobs, increasing demand for labor, and resulting in the increases in wages that such demand drives).
     
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  7. whitehall
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    whitehall Gold Member

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    Corporations r Us. Ever wonder why the stock market doesn't sell produce? Because they sell wealth and stability. Every pension plan is invested in the Stock Market. It beats the hell out of the broken down robbed social security system administered by the government. Economists work for Northwestern U because they couldn't get a job flipping burgers. Their elist opinion is pure politics.
     
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  8. Woyzeck
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    Woyzeck Senior Member

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    Don't employee wages count as expense, and isn't profit the money you have left after you account for expenses?
     
  9. Disenchanted61
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    I believe the point of this post is that "trickle down economics"
    is a load of B.S.!!
     
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  10. OODA_Loop
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    trickle down is a bitch if you have no value or utility to gain earnings by
     

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