Our Current Economic Mess, Explained With Headlines
I was doing research, gathering headlines for a post. But the headlines told a story of their own. So here they are: 2010 November 2010, Corporate Profits Hit New Record, U.S. Workers Still Struggling 2011 January 2011, Profits Are Booming. Why Aren’t Jobs? May 2011, Corporate Profits At All-Time High As Recovery Stumbles June 2011, Since 2009, 88 Percent Of Income Growth Went To Corporate Profits, Just One Percent Went To Wages July 2011, Corporate profits’ share of pie most in 60 years July 2011, A Boom in Corporate Profits, a Bust in Jobs, Wages August 2011, Companies near record profits amid high unemployment October 2011, While Corporate Profits Are At 60-Year High, Main Street Businesses Continue To Struggle November 2011, GDP revised downward; corporate profits up 2012 February 2012, Corporate Margins And Profits Are Increasing, But Workers’ Wages Aren’t May 2012, Corporate Profits Return To Prerecession Levels, But Job Growth And Investment Remain Weak June 2012, Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low July 2012, The Economy Stinks, but at Least Corporate Profits Are at 60-Year Highs! December 2012, Corporate profits hit all-time high as wages drop to record low 2013 March 4, 2013, Corporate Profits Have Risen Almost 20 Times Faster Than Workers’ Incomes Since 2008