3 ms·
You can literally look at their annual reports on [EDGAR](https://www.sec.gov/edgar/searchedgar/companysearch https://www.sec.gov/edgar/searchedgar/companysearc
by jdasdf 3y ago
You can literally look at their annual reports on [EDGAR](https://www.sec.gov/edgar/searchedgar/companysearch https://www.sec.gov/edgar/searchedgar/companysearch)
Alternatively you can do what I do and use an aggregator like Macrotrends that takes that data and puts it together on a company by company basis:
https://www.macrotrends.net/stocks/charts/F/ford-motor/financial-statements https://www.macrotrends.net/stocks/charts/F/ford-motor/finan...
https://www.macrotrends.net/stocks/charts/STLA/stellantis/financial-statements https://www.macrotrends.net/stocks/charts/STLA/stellantis/fi...
https://www.macrotrends.net/stocks/charts/GM/general-motors/income-statement https://www.macrotrends.net/stocks/charts/GM/general-motors/...
Just add up the "net Income" portion from 2013 to 2022 and you'll see the $168 billion i mentioned.
The inflation thing you can simply use a cumulative inflation calculator like this https://www.usinflationcalculator.com/inflation/calculator-cumulative/ https://www.usinflationcalculator.com/inflation/calculator-c...
Between 2013 and today the cumulatice rate of inflation was 33.33%, vs the 34% in profit increase => stagnation
As for the mouthpiece thing, here is a quote on the about page from the link he provided https://www.epi.org/about/ https://www.epi.org/about/ :
>The Economic Policy Institute (EPI) is a nonprofit, nonpartisan think tank created in 1986 to include the needs of low- and middle-income workers in economic policy discussions. EPI believes every working person deserves a good job with fair pay, affordable health care, and retirement security. To achieve this goal, EPI conducts research and analysis on the economic status of working America. EPI proposes public policies that protect and improve the economic conditions of low- and middle-income workers and assesses policies with respect to how they affect those workers.
This is literally an organization dedicated to increase workers compensation. ie: a pro-union mouthpiece.