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Corporate profits have benefited greatly which thus benefits all who own stocks (top 20%). Wages have been crushed which negatively impacts the other 80%. [1]
by poof131 10y ago
Corporate profits have benefited greatly which thus benefits all who own stocks (top 20%). Wages have been crushed which negatively impacts the other 80%. [1] Personally, on a whole I feel we’ve lost as Americans and disagree with the parent. You can argue about cheaper goods or more competition, but most these trade deals seem fairly lopsided with the main beneficiaries being other countries getting jobs and corporations getting cheaper labor.
1. http://www.cnbc.com/2016/03/29/hillary-clinton-cannot-win-us-election-economist.html http://www.cnbc.com/2016/03/29/hillary-clinton-cannot-win-us...
- e40 10y agoCorporate profits have benefited greatly which thus benefits all who own stocks (top 20%). This is extremely misleading. Most of that 20% own it via their 401(k) or IRA or whatever retirement plan they are enrolled in. Those people will benefit from the ownership at some point if the market doesn't crash just before or during their retirement.
- arebop 10y agoAlso, the wealth of almost all those 20% depends strongly on their labor income. Almost all the stock is owned by people whose wealth depends almost entirely on investment returns. So those corporate profits are helping the top 20%, but mostly by helping the top 1% (mostly by helping the top 0.1%...).