I imagine most people reading the WSJ look at that and go "Good, the system is working as intended. Squeeze em til there's nothing but pulp, then keep squeezing"
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Since the end of 2019, just before the pandemic, workers have basically just kept up. After inflation, average hourly wages are up 3%. For workers in aggregate, total compensation is up 8%. Meanwhile, profits have climbed 43%.
My annual pay has increases since 2019 but not enough to keep up with inflation. The extra money from the government during COVID did a good job hiding this for a bit but once it stopped the problem became very apparent.
You're not still living high on the hog with your stimulus funds?
/s
Bu bu bu I thought it was all these foreigners takin our jerbs
Guillotine time?
Feed them, they are hungry
look at the footnotes for the graphs:
Corporate profits*
Labor compensation†
that dagger is quite ambiguous.
They run this headline but to them they're just remarking on the weather.
"Oh, seems like profits are going to capital today. Oh well, that's the invisible hand of the market I guess. Nothing sinister here."