Hourly wages vs. corporate profits

Alternet -  When you adjust for inflation, hourly wages have risen 3 percent since the end of 2019. Corporate profits have risen 50 percent. Workers’ share of the nation’s income has now dropped to the lowest it’s been since records began in 1947. Profits’ share is the highest since 1950.

Most people who depend on wages for a living are struggling, while a small minority at the top who own most shares of stock and private equity — that is, people who rely on capital gains — have never had it as good.

The trend toward lower wages and higher profits began in the 1980s, increased in the 2000s, picked up speed after the pandemic, and is about to explode as Artificial Intelligence takes over.