Monday, April 05, 2004

It's called Greed. Although a recent study from the Center for Labor Market Studies at Northeastern University refers to it as The Unprecedented Rising Tide of Corporate Profits and the Simultaneous Ebbing of Labor Compensation - Gainers and Losers from the National Economic Recovery in 2002 and 2003.

Excerpt from Hebert
The study found that the amount of income growth devoured by corporate profits in this recovery is 'historically unprecedented,' as is the 'low share ... accruing to the nation's workers in the form of labor compensation.'

I have to laugh when I hear conservatives complaining about class warfare. They know this terrain better than anyone. They launched the war. They're waging it. And they're winning it.[Nitpicker emphasis]

Sad, but true.


Post a Comment

<< Home