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posted by LaminatorX on Tuesday September 09 2014, @09:34AM   Printer-friendly
from the when-they-say-trickle-down-they-really-do-mean-trickle dept.

The Center for American Progress reports:

In 2013, the share of corporate income that trickles down to workers hit its lowest point since 1950, according to an analysis from the Economic Policy Institute.

Corporate income, which makes up about three-quarters of all private sector income in the country, can either go to employees or the owners of companies, and last year just under 73 percent went to employees, the lowest point in more than six decades.

Workers' share of corporate income was trending downward for at least a decade before the recession hit, and it only rebounded in 2008 because corporate profits were hit by the financial crisis, falling faster than wages for several months.

Workers aren't earning less because they're slacking off -- just the opposite. Their productivity increased 8 percent between 2007 and 2012 while their wages actually fell, a trend that has been going on since at least 1979. And they've been speeding up since the recession, increasing their productivity last summer at the fastest pace since 2009.

 
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  • (Score: 2) by khallow on Tuesday September 09 2014, @09:14PM

    by khallow (3766) Subscriber Badge on Tuesday September 09 2014, @09:14PM (#91485) Journal

    Their attitude is that it's not so much illegal as if I don't like it, I can quit any time I like.

    They're right in part. If it's actual illegal stealing (rather than you just giving up part of your paycheck for a service they provide - like room and board), you could always get that money back in small claims court. I bet they neglected to mention that. But, of course, you can look for and get a better job.

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