Value Investing World

Monday, November 28, 2011

For Business, Golden Days; For Workers, the Dross - By Floyd Norris

IN the eight decades before the recent recession, there was never a period when as much as 9 percent of American gross domestic product went to companies in the form of after-tax profits. Now the figure is over 10 percent.

During the same period, there never was a quarter when wage and salary income amounted to less than 45 percent of the economy. Now the figure is below 44 percent.

For companies, these are boom times. For workers, the opposite is true.

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Related previous post: WSJ: Albert Edwards Has Another Reason You Should Worry About Profits

Joe at 11/28/2011
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