Post-recession: When national income grew, who gained?

July 31st, 2012 | Alex Stone

The first two years after the official end of the Great Recession, more than 84 percent of all growth in national income went exclusively to corporations. American workers, meanwhile, to0k home just 4.4 percent of income growth in the post-Recession recovery.

In other words, in a head-to-head match-up between corporations and American workers, corporate profits accounted for nearly all of the already-limited spoils of the post-Recession recovery. This is particularly incredible given corporate profits remain a comparatively small share of total national income in any given year—around 10 percent in 2009 and 2010—while workers incomes account for over 60 percent in the same period.

Via Demos

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Posted in Tax and Budget

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