Wages Fall to 43% of U.S. Gross Domestic Income, Lowest Since 1929
unusualwhales.com
3 threads
This is ai slop from this slop from a few months ago: https://finance.yahoo.com/economy/articles/us-wages-plummet-...
... while companies post record profits. we all know what is happening.
>... while companies post record profits
that's almost a truism if you factor in inflation.
They (from the cases I know at least) already posted record profits with a lower inflation rate.
That's not how inflation works? Even if inflation was "lower" (eg. 1%), prices are still going up.
People are playing a wage strategy in a capitalist system and losing? What else did we expect?
It's inflation, right?