World-News

Pat Garofalo, ThinkProgress: "Corporate profits have made it back to their pre-recession heights (even if corporate tax revenue hasn t followed suit). In fact, in 2011, corporate profits hit their highest level since 1950. But as Bloomberg News noted today, this hasn t translated into wage growth or more purchasing power for workers.... Between 2009 and 2011, 88 percent of national income growth went to corporate profits, while just 1 percent went to wages.''

http://www.truth-out.org/corporate-margins-and-profits-are-increasing-workers%E2%80%99-wages-aren%E2%80%99t/1330277845



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