Monday, October 16, 2006

It's Morning in America! Which explains the hangover.

KANSAS CITY, MO. - The share of national income that went to wages and salaries in the first half of 2006 was at its lowest level since the Department of Commerce began keeping such records in 1929.

In contrast, the share of national income that went to corporate profits was at its highest level since 1950.

Ugh.
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1 comment:

  1. CovingtonOctober 16, 2006 at 5:46 PM

    This is about the best short description of what's happened to governance I've read lately.

    http://digbysblog.blogspot.com/2006_10_01_digbysblog_archive.html#116103978596815727

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