2 ms·
The 2% economic growth rate is an average. It might be the case that the average worker's real wage grows 0% (this is basically true [1]), while corporate prof
by nostrademons 4y ago
The 2% economic growth rate is an average. It might be the case that the average worker's real wage grows 0% (this is basically true [1]), while corporate profits, which make up ~10% of the U.S. economy [2], grow 20%/year.
[1] https://en.wikipedia.org/wiki/Real_wages#/media/File:United_States_real_wages_(red,_in_constant_2017_dollars).png https://en.wikipedia.org/wiki/Real_wages#/media/File:United_...
[2] https://fred.stlouisfed.org/graph/?g=1Pik https://fred.stlouisfed.org/graph/?g=1Pik