Thursday, September 1, 2011

Robert Reich: "The ratio of corporate profits to wages is now higher than at any time since just before the Great Depression."

I wonder if this hurts the economy. Maybe those "job creators" are really just hoarders. 

via Byline

The Truth-o-Meter says: True | Robert Reich says ratio of corporate profits to wages is highest since before Great Depression

In an Aug. 29, 2011, column, Robert Reich, the former Labor Secretary under President Bill Clinton and a frequent liberal commentator, offered a number of statistics to back up his call for worker protests rather than parades on Labor Day. "Labor Day is traditionally a time for picnics and parades," Reich’s column began. "But this year is no picnic for American workers, and a protest march would be more appropriate than a parade." One of the statistics Reich offered was this: "The ratio of corporate profits to wages is now higher than ...

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