Third quarter numbers show that U.S. corporate profits have hit a record high while workers' wages are now at their lowest share of GDP (again). Why again? See, corporate profits are like Batman movie ticket sales. Every time the new numbers come out they're bigger than the last ones.
Just four years after the great recession corporations are back to beyond full strength while wages are more stagnant than a fat man's arteries. This comes as no surprise to "economists":
"That's how it works," said Robert Brusca, economist with FAO Research in New York, who said there is a natural tension between profits and the cost of labor. "If one gets bigger, the other gets smaller." This oversimplification misses the point entirely: the degree to which corporations are profiting is so extreme that wages could very easily be on the fast rise and companies would still be flush.
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