Saturday, December 29, 2012

It's Wages, Stupid!

The widening chasm between productivity and pay helps to explain why in the third quarter of 2012 after-tax corporate profits achieved a record share of the GDP - while total wages simultaneously plummeted to their lowest-ever GDP ratio.

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It's Wages, Stupid! Progressive Tax Reform Alone Will Do Little to Close the Gap Between Haves and Productive Have-Nots