Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low

In case you need more confirmation that the US economy is out of balance, here are three charts for you.


1) Corporate profit margins just hit an all-time high. Companies are making more per dollar of sales than they ever have before. (And some people are still saying that companies are suffering from "too much regulation" and "too many taxes." Maybe little companies are, but big ones certainly aren't).

2) Fewer Americans are working than at any time in the past three decades. One reason corporations are so profitable is that they don't employ as many Americans as they used to.

3) Wages as a percent of the economy are at an all-time low. This is both cause and effect. One reason companies are so profitable is that they're paying employees less than they ever have as a share of GDP. And that, in turn, is one reason the economy is so weak: Those "wages" are other companies' revenue.


In short, our current system and philosophy is creating a country of a few million overlords and 300+ million serfs.
That's not what has made America a great country. It's also not what most people think America is supposed to be about.
So we might want to rethink that.


See charts here:

Read more: http://www.businessinsider.com/corporate-profits-just-hit-an-all-time-high-wages-just-hit-an-all-time-low-2012-6#ixzz2E6b3u0ym

 

I wonder how long it would take me to list the other actual causes for your "out of balance" economy. On second thought, I have so many better thing to do with my years, but I will mention 3. Try the industrial revolution, Obamacare, and total confusion as to what the regulations/tax codes are going to be next month.

 

The Industrial Revolution was a period from 1750 to 1850 where changes in agriculture, manufacturing, mining, transportation, and technology had a profound effect on the social, economic and cultural conditions of the times.

Oh yeah, I forgot, blame everything on Obamacare including HUGE corporate profits. The scoundrels!

And of course blame the the last 30 years of increases in corporate profits to today's record levels and the low pay for workers also a record on next month's tax legislation. WoW! That is some foresight.

Class, we have have our dunce.

 

Sorry! I did not realize that we stopped making industrial progress in 1850. I guess that is why I am so far ahead of you. And, BTW, you totally omitted the doubt about present and future regulations - the largest of which is Obamacare. For instance, they just released some of the IRS regulations for the Obamacare taxes for next year. And, just in case you have forgotten, each and every company is REQUIRED by federal law to take into account and prepare for future expenses. I doubt most companies have enough reserves to pay for all that will be coming from Obamacare!

As an interesting aside, the one place not required to prepare for future expenses is the federal government. How well has that been working for them?

 

The definition of a small business astounded me when I first heard of it years and years ago.

In my mind, a small business is typically a "mom & pop" family-owned store employing maybe half a dozen people up to the larger "small businesses" in town that employed maybe a couple dozen.

Currently in America, by most legal definitions, it's less than 500 people. That's a pretty @#$%^&* big small business, IMO.

Australia apparently considers the limit to be 15...a bit too small, IMO. Europe apparently has a definition very similar to my own, at 50. Way to go, EU! Keep that up and I'll only make fun of you people on Tuesdays and Thursdays....and every other weekend...and holidays...and days that end in "y"...Hey! I do the same thing with Americans, even more so! I'm an equal-opportunity disser!

http://en.wikipedia.org/wiki/Small_business

 

Why are you even complaining? YOUR salary is in the top 5% in the entire nation, the chances you'll be unemployed are nearly nil and the chances your salary will decrease are about the same.

 

Why don't you ask the U.S. Post Office if they are preparing for future expenses. They ARE to Federal Government after all.

 

What is it you said in your other post? >....."Oh, I'm just concerned about my fellow citizens." But in my case being a liberal, I actually am. You hail from the party of ME, MY, MINE...

 

So, you're concerned about your fellow citizens, but I can't be? LOL, whatever. Rich, armchair liberals like you are all alike. You try talking out of both sides of your mouth, but wind up talking out of your ass.

 

BO (and dimocRAT control) sure has done a number on our economy. hasn't he?

 

Just taking my lead from you. You are just so concerned about your fellow citizens that it brings a tear to my eye. At least it is plausible in my case.

 

No, it isn't. You're just as disingenuous as other liberal jerks. If you really cared about your fellow man, you'd give your old car to IQ<1. You can afford it.

 

Gotcha!

 

Oh, really? You gave the car you were thinking of trading (would that be the Honda Ridgeline?) to IQ<1? If you did, I'll apologize. Seriously.

 

No, they are not the federal government and they are.

BTW, you can cross out all my post you desire. It does not make it any less factual.

 

Prius

 

They are NOT the federal government??? In what way?

As far as crossing out parts of your posts go, I just cross out the stuff that is way to silly to bother with.

Now, how is the U.S.P.S NOT part of the federal gov?

****Gets popcorn and waits patiently for rambling nonsense....

 

An article from The Fiscal Times that sort of fits with this thread: "Why the GOP Won't Admit Supply-Side Econ Has Failed"

 

Oh, a Prius? Even better. And you're giving it to IQ<1?

 

Great read Rec! Thanks. They keep pushing this fallacy in spite of reality. Where is the evidence for their case?