Re: US companies boost share of economic pie
On Jun 5, 2006, at 9:56 AM, Jim Devine wrote:
If you start your comparison in mid-2001, much of the rise of profits is due to (limited) economic recovery. Profits are quite pro-cyclical (and fell drastically from 2000 to 2001).
This gain in profits, though, is unprecedented, or nearly so. All the
benefits of productivity growth have gone to profits and upper-
bracket incomes - unlike the late 90s, when real wages rose for a few
years.
Doug