Tag Archive for wages

Corporate Profits Reach Highest Percentage of GDP On Record as Total Wages Fall to Record Low

What’s good for corporations is not always good for the country, its people, or the capitalist system we allegedly defend; it’s time we make the distinctions. A little more than two years after the 2008 financial crisis, corporate profits were hitting record highs and our gross domestic product was growing again.

Today, our nation’s fiscal health depends more on increased consumption than on the production of goods and services. But average real wages for most workers have stagnated or fallen over the last thirty-five years, and good jobs are disappearing. Just look at the Commerce Department’s latest GDP report, which shows corporate profits have hit their highest percentage of GDP on record at the same time as total wages have fallen to a record low. Without employment or income, what’s the key to our economic recovery?

The Commerce Department's latest GDP report shows corporate profits have hit their highest percentage of GDP on record at the same time as total wages have fallen to a record low

From CNNMoney

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Vanishing Field Labor Damages U.S. Agricultural Industry

In the midst of a record-breaking drought now crippling U.S. farmers and ranchers, another shortage compounds the damage: vanishing field laborers that harvest the nation’s crops. Perhaps the 2004 movie “A Day Without a Mexican” should get a second look.

Illegal immigrants do backbreaking, often dangerous jobs for minimal wages; jobs that Americans don’t want.

"There's a different sort of drought plaguing California, the nation's largest farm state. It's $38 billion agricultural sector is facing a scarcity of labor." Jane Wells, CNBC

From CNBC

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Private prisons exploit ‘voluntary’ work arrangements to profit off of undocumented workers.

For generations, immigrants have assimilated and contributed to the economic well-being of our country because they were given the tools to do so. And while America may no longer be the ‘land of opportunity’ it once was, something must be done to prevent private prisons from using exploitative, ‘voluntary’ work arrangements to profit off of undocumented workers.

It is ironic that the only place in which illegal immigrants are allowed to work is within the confines of a Corrections Corp of America detention center for a mere $1-3 dollars a day. Here’s the real kicker: most of these wages go right back to the corporation since the CCA prison store is the only shop in town. Your thoughts?

From Truthout

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