Saturday, March 30, 2013

Profit Share Hits Post-War High and the Post Doesn't Notice | Common Dreams

Profit Share Hits Post-War High and the Post Doesn't Notice | Common Dreams
"The revised GDP data for the fourth quarter released yesterday showed the profit share of corporate income hitting 25.6 percent. This is the highest since it stood at 25.8 percent in 1951. However if we look at the after-tax share of 19.2 percent, we would have to go back to 20.8 percent share in 1930 to find a higher number, excepting of course the 19.3 percent number hit last year."