May 31, 2004

by Reb Yudel
When do workers get their share?

The Economic Policy Institute graphs how the recover affected labor and capital. Guess who came in ahead?
Despite recent good news on employment growth, the current economic recovery, now approaching its third year, remains the most unbalanced on record in respect to the distribution of income gains between corporate profits and labor compensation. Essentially, rapid gains in productivity have been translating into higher corporate profits without increasing the wage and salary income of American workers.