Post-recession: When national income grew, who gained?

The first two years after the official end of the Great Recession, more than 84 percent of all growth in national income went exclusively to corporations. American workers, meanwhile, to0k home just 4.4 percent of income growth in the post-Recession recovery.

In other words, in a head-to-head match-up between corporations and American workers, corporate profits accounted for nearly all of the already-limited spoils of the post-Recession recovery. This is particularly incredible given corporate profits remain a comparatively small share of total national income in any given year—around 10 percent in 2009 and 2010—while workers incomes account for over 60 percent in the same period.

Via Demos

  • Leave a Reply

Your email address will not be published. Required fields are marked *

More To Read

January 25, 2023

Top 5 Fixes for High Health Care Prices

High health care costs are driving Washington workers and families over the edge

December 15, 2022

2023 Legislative Agenda

By strengthening the core pillars of our economy – including child care, health care, educational opportunity, economic security, and our public revenue system – we can diminish economic, racial, and gender inequity.

December 7, 2022

One missing piece in Washington’s tax puzzle: A wealth tax

The way our state raises money is not fair. A wealth tax would help right that wrong.