Showing posts with label record corporate profits. Show all posts
Showing posts with label record corporate profits. Show all posts

Friday, May 3, 2013

This chart says it all. Record corporate profits coming at the expense of workers!

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.