US corporate profits up, but wages down

13
56

This is a revealing graph that shows that while US corporate profits (purple) (as a percentage of GDP) are soaring, workers’ income (blue) is falling and small business income (green) is also faltering. What is happening in Malaysia?

Source: Economonitor
Graph: Economonitor

Is this a global phenomenon – given the growing clout of multinational corporations? What does this mean for ordinary workers, not just in the United States but elsewhere?

See this short analysis by Rebecca Wilder in Economonitor.

Are we experiencing the same phenomenon in Malaysia?

READ MORE:  Trump-Najib meeting: What's in it for Malaysia?
Please help to support this blog if you can.

Read the commenting guidlelines for this blog.

Join the conversation

13 Comments on "US corporate profits up, but wages down"

Notify of
avatar
2000
Sort by:   newest | oldest | most voted
don anamalai
Guest
don anamalai

Anil

Recommend you to watch this ‘Breaking The Set’ reporting (Youtube) on Corporate Scandal Profits, America’s Warped Priorities:

Fion
Guest
Fion

Skim Kawalan Harga is used to bully petty and small traders, while BN allows big corporations like TNB, Astro, Telcos to increase prices without proper justification!

don anamalai
Guest
don anamalai

It is natural for prices of basic things like chicken to go up during festive season due to higher demand (basic economics). Why control price when you allow the Express Bas to have price hike (10%-30%) during festive period?

Also why never control the price hike of Astro that affects us all year round, not just the festive period?

I see discrimination here.

Anil and readers,
What say you?

loke min
Guest
loke min

Skim Kawalan Harga should be imposed on profit making telcos and Tenaga as they have charged unsuspecting consumers unreasonably.

Jenny
Guest
Jenny

CAP should impose kawalan Harga on Astro as it has being charging high despite its growing customer while giving us lots of repeat show. CAP should not waste time on trivial issue like the billboards in Penang Plaza.

eng hock
Guest
eng hock

CAP too focus on food items not knowing intangible services like Astro or Telco Services (internet connection) is squeezing public hard earned money every second of the day !
Even as i read anilnetto.com, i am indirectly paying the cronies 🙂
what say you, anil ?

Michael
Guest
Michael
It is a funny thing really when you consider this: In many developed nations the welfare systems governments instituted, for example old age pensions, universal public health, free public schooling up to the end of the first degree (and at least until children leave high school), and paid from the general tax system. These welfare systems were used as a form of wealth redistribution and they came under severe attack globally in the 1980s. Those who attacked it, along with lobbying governments to restrain wages were the individual wealthy, and the big companies. They cried unfair! We pay too much… Read more »
semuanya OK kot
Guest
semuanya OK kot

What is TPPA? We are walking deeper into the mouth of the dragon. Our leaders are in secret talks with international capitalists and will soon sign agreements that effectively enslave us even more while providing a good excuse for these leaders to do nothing. The “public consultations” that will be organised are a PR sham.

McMinion
Guest
McMinion

I happened to see the interview given by a local university professor on Astro Awani who cautioned that agreeing to TPPA would mean magazines like Playboy could be sold in Malaysia. Now you know why I rather sent my kids to private universities instead of IPTA as I doubt the capability of the local academicians.

don anamalai
Guest
don anamalai

TNB profits has gone up, but electricity bill will not go down but is expected to go up with the new system! TNB is quick to learn from Pos Malaysia.

Privatisation does not help consumers!

Yang
Guest
Yang

In Malaysia

Corporate earning up, Wages down
Barang Naik, Wages further devalue
Cronies gets all, Rakyat get peanuts
Example Rakyat given permit, Cronies sell you the vehicle.

Lukaku
Guest
Lukaku

Corporate profits go to high paying executives (CEO, COO, etc). If you buy the trust funds associated with these so-called “high yielding” firms, the profits go to the fund managers (see eg Public Bank / Mutual Funds make tonnes of money and profits first go to the top and investors generally receive peanuts).
So 1% continues to gain while 99% continue to sweat out to widen the geni-coefficient so evident in jigh household-debts nations like Bolehland.