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Friday, June 22, 2012

OWS—X

Wither Wages


 ~ Many continue to wonder what the Occupy movement is about. The following two graphs highlight a central critique:

Wages as fraction of the overall US economy
Wages as a fraction of GDP

Corporate profits as fraction of the overall US economy
Corporate profits as a fraction of GDP

Workers are not sharing in the bounty produced by their steadily increasing productivity.

Lack of purchasing power is hollowing out the middle class, and as goes the middle class, so goes the rest of the economy, and eventually everyone else in it. There's gas in the coal mine, and the canaries are starting to die.

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