This chart says it all. Corporate profits are climbing to all-time record highs while wages and salaries continue to sink. Although this trend has been in place ever since Ronald Reagan and his "supply side" wealth-transfer-to-the-rich economic doctrine, it has also been happening under President Obama, only MORE ACUTELY THAN EVER!
The claim that Obama is a "socialist" or anti-business is the biggest CROCK OF SHIT line that has ever been uttered. He's literally giving away everything to business while completely throwing workers under the bus. If you're a worker and you voted for him, how do you feel now?
Corporate Profits vs. Wages and Salaries
The blue line represents corporate profits as a percent of GDP (right scale), while the red line represents wages and salaries as a percent of GDP (left scale).
As long as this trend remains in place, the stock market should do very, very, well.
3 comments:
I'm not sure this can be rectified by a booming economy.
I think Richard Wolff has some ideas for reducing income inequality, such as a law that would restrict executives from making an obscene amount more than their employees.
The afflicted desperately hoping to benefit, by investing in their oppressors.
It's called a Lottery System ... or a Feudal Aristocracy.
"The blue line represents corporate profits as a percent of GDP (right scale), while the red line represents wages and salaries as a percent of GDP (left scale)."
The blue line should be the left scale and the red line the right, yes?
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