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Friday, July 01, 2011

Please Sir, I Want Some More

In case you were wondering:

The Wageless, Profitable Recovery, by Steven Greenhouse, Economix: Economists at Northeastern University have found that the current economic recovery in the United States has been unusually skewed in favor of corporate profits and against increased wages for workers.
In their newly released study, the Northeastern economists found that since the recovery began in June 2009 following a deep 18-month recession, “corporate profits captured 88 percent of the growth in real national income while aggregate wages and salaries accounted for only slightly more than 1 percent” of that growth.
The study, “The ‘Jobless and Wageless Recovery’ From the Great Recession of 2007-2009,” said it was “unprecedented” for American workers to receive such a tiny share of national income growth during a recovery. ...

    Posted by on Friday, July 1, 2011 at 12:06 AM in Economics, Income Distribution | Permalink  Comments (32)


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