3 US charts 1960 to 2012: profits, wages and taxes

More data indicating the historical decline in wages in relationship to productivity and profitabilty.

Real-World Economics Review Blog

from David Ruccio

Profits-incometaxes

source

The national income accounts may have been revised (changing, among other things, the way research and development and pensions are treated) but the results remain roughly the same: corporate profits after taxes amounted to a record 9.7 percent of GDP (meaning that in each of the last three years it has been higher than the earlier record high, of 9.1 percent, which was set in 1929) and that wages and salary income in 2012 amounted to 44 percent of GDP (the lowest at any time since 1929).

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