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JP Morgan: Wage reductions have driven corporate profit increases

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JP Morgan: Wage reductions have driven corporate profit increases Empty JP Morgan: Wage reductions have driven corporate profit increases

Post by Guest Fri Jul 15, 2011 11:43 am

So: Prior to the recession, increasing profit margins were overwhelmingly due to reductions in wages and benefits. Over the past two years, income growth has gone to corporate profit, not the workers who produced the income. And the outcome—as summarized by JP Morgan, not by some dirty hippie socialist—is that "US labor compensation is now at a 50-year low relative to both company sales and US GDP."

http://www.dailykos.com/story/2011/07/14/994667/-JP-Morgan:-Wage-reductions-have-driven-corporate-profit-increases?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+dailykos%2Findex+%28Daily+Kos%29

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