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Oct 27 19:40 UTC

Wages Fall to 43% of U.S. Gross Domestic Income, Lowest Since 1929 (unusualwhales.com)

47 points|by robtherobber||8 comments|Read full story on unusualwhales.com

Comments (8)

8 shown
  1. 1. java-man||context
    ... while companies post record profits. we all know what is happening.
  2. 2. gruez||context
    >... while companies post record profits

    that's almost a truism if you factor in inflation.

  3. 3. thibaut_barrere||context
    They (from the cases I know at least) already posted record profits with a lower inflation rate.
  4. 4. gruez||context
    That's not how inflation works? Even if inflation was "lower" (eg. 1%), prices are still going up.
  5. 5. parineum||context
    It's inflation, right?
  6. 6. kelseyfrog||context
    People are playing a wage strategy in a capitalist system and losing? What else did we expect?
  7. 7. ChrisArchitect||context
    [dupe] https://news.ycombinator.com/item?id=50238884
  8. 8. testplzignore||context
    This is ai slop from this slop from a few months ago: https://finance.yahoo.com/economy/articles/us-wages-plummet-...