tag:blogger.com,1999:blog-6399730406480392183.post7915553533205780048..comments2024-03-27T11:18:34.222-03:00Comments on Viable Opposition: Labor's Lost Share of GDPA Political Junkiehttp://www.blogger.com/profile/03342345936277964422noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6399730406480392183.post-83319274262959708702013-12-05T16:50:57.380-04:002013-12-05T16:50:57.380-04:00Yes, but a theory of the shifts from labour to cap...Yes, but a theory of the shifts from labour to capital blaming it all on non-financial corporations doesn't wash. Wages and salaries, like you say, began to decline as a share of GDP in the late Sixties. Corporate profits, meanwhile, actually bottomed out as a share of GDP in Reagan's salad days, recovering in the Nineties.<br /><br />What's happened to the other portions of income?Richard Besserernoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-3479162859463825732013-12-05T11:18:43.868-04:002013-12-05T11:18:43.868-04:00I think you're overlooking the fact that corpo...I think you're overlooking the fact that corporations are still outsourcing to cheap overseas labor markets. The net effect is their profits remain high at a time when middle class America (or what's left of it) stays underemployed. In essence "American" corporations have abandoned US workers. <br /><br />The only reason some of them still have their HQs here is because the US government is the only government stupid enough to let them get away with paying zero or near zero federal income tax while doing nothing to prevent them from sending US jobs overseas.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-45746946846633279032013-12-05T08:21:12.300-04:002013-12-05T08:21:12.300-04:00Very interesting but also perplexing. I feel it wa...Very interesting but also perplexing. I feel it was commonly accepted that the average worker was under assault but the corporate profit chart is harder to explain, margins should be falling in a weak economy. This suggest lower interest rates and borrowing cost may be a big factor when coupled with reducing employees.Bruce Wildshttps://www.blogger.com/profile/10181323607060607040noreply@blogger.com