The Wageless, Jobless, Good-For-A-Few-Fat-Cats So-Called Recovery

by
Abby Zimet

We kinda knew it but it's even worse than we thought: Economists from Northeastern University have released a study showing that corporate profits account for 88% of the recent growth in national income, while wages make up only slightly over 1%, an inequity they call "historically unprecedented." Guess that trickle down thingey's working out okay for ya if you're already rich.

“The only major beneficiaries of the recovery have been corporate profits and the stock market and its shareholders.”

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