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If you want a flow, here you go: https://fred.stlouisfed.org/series/A053RC1Q027SBEA https://fred.stlouisfed.org/series/A053RC1Q027SBEA Corporate profits in th

If you want a flow, here you go: https://fred.stlouisfed.org/series/A053RC1Q027SBEA https://fred.stlouisfed.org/series/A053RC1Q027SBEA Corporate profits in the U.S. have almost doubled since 2019.

gruez 1y ago
That has other issues. For instance change in ownership structures (eg. mom & pop shops selling up to private inequality) would change this figure without anything else changing. The statistic for "Share of Labour Compensation in GDP", which avoids such issues shows that while it has dropped (ie. more money going to capital), the scale is grossly exaggerated. https://fred.stlouisfed.org/series/LABSHPUSA156NRUG https://fred.stlouisfed.org/series/LABSHPUSA156NRUG
potato3732842 1y ago
All these "doubled since 2015/2019/20whatever" stats tie back to a dirty word that starts win In and ends with "flation" And, as everyone who wasn't lying for various reasons predicted and anyone can see by looking at prior comparable events in history can tell you, wages are one of the last things to go up.
- ffsm8 1y ago
  You do realize that inflation hits at least as much for employees though right? (Likely even more, because all things equal, you're still better off if numbers are bigger) If anything, you'd be strengthening cameldrv and Epa095s point...
  - grafmax 1y ago
    Inflation is typically better for the wealthy. Cost of living goes up. This hits you if you are a worker. But if you’re wealthy this is a small dent in your budget at best. On the contrary, you hold many assets, which generally appreciate with inflation, effectively hedging away the negative effect.
- _DeadFred_ 1y ago
  Bro, the CEOs said on conference calls it wasn't about inflation and bragged about their profits. https://www.theguardian.com/business/2022/apr/27/inflation-corporate-america-increased-prices-profits?utm_source=chatgpt.com https://www.theguardian.com/business/2022/apr/27/inflation-c... https://groundworkcollaborative.org/work/big-profits-in-small-packages/?utm_source=chatgpt.com https://groundworkcollaborative.org/work/big-profits-in-smal...
  - potato3732842 1y ago
    Bro, they have to. If they said they were making double because dollars worth have stonk no go up.
    - _DeadFred_ 1y ago
      Bro, they account for the dollars worth in their calls though.

If you want a flow, here you go: https://fred.stlouisfed.org/series/A053RC1Q027SBEA https://fred.stlouisfed.org/series/A053RC1Q027SBEA Corporate profits in the U.S. have almost doubled since 2019.

gruez 1y ago

That has other issues. For instance change in ownership structures (eg. mom & pop shops selling up to private inequality) would change this figure without anything else changing. The statistic for "Share of Labour Compensation in GDP", which avoids such issues shows that while it has dropped (ie. more money going to capital), the scale is grossly exaggerated. https://fred.stlouisfed.org/series/LABSHPUSA156NRUG https://fred.stlouisfed.org/series/LABSHPUSA156NRUG

potato3732842 1y ago

All these "doubled since 2015/2019/20whatever" stats tie back to a dirty word that starts win In and ends with "flation" And, as everyone who wasn't lying for various reasons predicted and anyone can see by looking at prior comparable events in history can tell you, wages are one of the last things to go up.

ffsm8 1y ago
You do realize that inflation hits at least as much for employees though right? (Likely even more, because all things equal, you're still better off if numbers are bigger) If anything, you'd be strengthening cameldrv and Epa095s point...
- grafmax 1y ago
  Inflation is typically better for the wealthy. Cost of living goes up. This hits you if you are a worker. But if you’re wealthy this is a small dent in your budget at best. On the contrary, you hold many assets, which generally appreciate with inflation, effectively hedging away the negative effect.
_DeadFred_ 1y ago
Bro, the CEOs said on conference calls it wasn't about inflation and bragged about their profits. https://www.theguardian.com/business/2022/apr/27/inflation-corporate-america-increased-prices-profits?utm_source=chatgpt.com https://www.theguardian.com/business/2022/apr/27/inflation-c... https://groundworkcollaborative.org/work/big-profits-in-small-packages/?utm_source=chatgpt.com https://groundworkcollaborative.org/work/big-profits-in-smal...
- potato3732842 1y ago
  Bro, they have to. If they said they were making double because dollars worth have stonk no go up.
  - _DeadFred_ 1y ago
    Bro, they account for the dollars worth in their calls though.