The Commerce Department’s Bureau of Economic Analysis reports that in the third quarter, wages as a share of gross domestic product were the lowest they’ve been since 1929, and compensation (that includes health insurance) as a share of GDP was at its lowest point since 1955. Corporate profits as a share of GDP, by contrast, are the highest they’ve been since 1929.
Friday, December 2, 2011
Something is really, really wrong with the economy
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