Building an Economy that Works for Everyone

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Your email address will not be published.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 *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More To Read

November 1, 2024

Accessible, affordable health care must be protected

Washington’s elected leaders can further expand essential health care

September 24, 2024

Oregon and Washington: Different Tax Codes and Very Different Ballot Fights about Taxes this November

Structural differences in Oregon and Washington’s tax codes create the backdrop for very different conversations about taxes and fairness this fall

September 10, 2024

Big Corporations Merge. Patients Pay The Bill

An old story with predictable results.