Companies Need To Share More Profits With Employees – Business Insider
I recently wrote about one of the things that has gone wrong in the U.S. economy — namely, that big American corporations are no longer sharing enough of their vast wealth with their rank-and-file employees.
To illustrate this, I included the two charts below.
Business Insider, St. Louis FedThe first chart shows that big American companies now have the highest profit margins in history.
The second chart shows that the companies are now paying the lowest wages in history as a percent of the economy.
If you happen to be an owner of a big American corporation, these charts could be construed as good news: You’re coining it!
If you happen to be a rank-and-file employee, however — or someone hoping to be such an employee — this is bad news: You’re sharing less than ever before in the success of American industry.