Wednesday, June 23, 2004

When do workers get their share, indeed!

graphic showing corporate profits outstipping worken compensation during the recent economic recovery

Despite recent good news on employment growth, the current economic recovery, now approaching its third year, remains the most unbalanced on record in respect to the distribution of income gains between corporate profits and labor compensation. Essentially, rapid gains in productivity have been translating into higher corporate profits without increasing the wage and salary income of American workers.