Real wages fell in 2011, despite record corporate profits. “There’s never been a postwar era in which unemployment has been this high for this long,” explained labor economist Gary Burtless. “Workers are in a very weak bargaining position.”
Between 2009 and 2011, 88 percent of national income growth went to corporate profits, while just 1 percent went to wages, a stat that is “historically unprecedented.”
So, we, the 99% got 1%, and the 1% got 99% of Obama's economic boom.
Is there any indication this is going to change anytime soon?
1 comment:
the guy is FOTFL because his campaign is getting record amounts of money from CEOs, the same guys who got taxpayer money for their annual bonus. He might also be LAO because the R circus is coming to town soon and the clowns are in charge. ha, ha, ha all the way to the bank.
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