Economy
TOPIC:
Globalisation » Economy
Category
articles
Date
2013-11-22
Actor
Mukherjee, Andy
Source
Reuters
Uploaded date
2013-11-25
Uploaded by
Suzanne Plesner
Link
Profits Higher than Wages - Healthy Capitalism?
"Shares of profits in national incomes are soaring; those of wages are falling. It’s a recipe for corrosive and creeping deflation. The pattern is not exclusively American. Wage shares in national income have fallen over the past two decades in 26 out of 30 developed countries, according to the OECD. By propping up corporate profitability, high profit shares are helping maintain the illusion that all is well with capitalism. The deflationary wind blowing in through the window suggests otherwise." (Quoted from article)
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