Profits Up, Wages Down

According to figures from the St. Louis Fed, corporations are making more profit per dollar of sales than every before in history. Corporate profits are now nearly 11% of GDP.

Meanwhile, wages have fallen the their lowest share of the economy in history.

And yet Republicans still say the economy is faltering because the President is too anti-business. The decline of wages and the rise of profits is the long-term story of America right now. And as you can tell from our economic performance, nothing will go right until wages start rising again.