American Workers Are Getting the Smallest Slice of the Pie on Record - Schwartzreport
Labor’s share of national income fell to 52.8% as corporate profits hit record highs and worker pay barely outpaced inflation, BLS data show.
5 Articles
5 Articles
It's a bad time to be an American worker
Workers’ share of US wealth has (once again) fallen to its lowest level ever recorded.
Worker Slice of Economic Pie Shrinks as Company Profits Soar
Workers just logged their worst quarter on record in terms of how much of the growing economy they actually get, NBC News reports. New federal data show labor's slice of national income dropped to 52.8% last quarter, the lowest since tracking began in 1947, even as stock indexes hover...
American workers are getting the smallest slice of the pie on record - Schwartzreport
Rob Wile, Pulitzer Prize-winning Journalist Covering Breaking Business News - NBC NewsStephan: What was once the Republican, now MAGAT, Party, beginning with President Reagan, through the passage of its social policies and the complete revision of the tax code to favor the rich, has transformed the United States into a neo-medieval society. A world in which there is little effort to foster the wellbeing of the peasants, just as was true in th…
Investors rewarded at the expense of workers: As economy continues to grow, wages fall to a record-low share
NBC News reports: It is now the least rewarding time to be a worker in the U.S. economy since the government started keeping track. The share of economic growth captured by labor in the form of compensation like wages fell to a record low last quarter, hitting 52.8%, according to the Bureau of Labor Statistics, which began recording the statistic in 1947. In other words, even as the economy continues to grow, worker pay comprises an ever smaller…
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