Corporate profits have rocketed to all-time highs - but for more than a decade, wages and incomes have barely budged.
“The Fortune 500 generated a total of $824.5 billion in earnings last year, up 16.4% over 2010. That beats the previous record of $785 billion, set in 2006 during a roaring economy….total wages have now fallen to a record low of 43.5% of GDP. Until 1975, wages almost always accounted for at least half of GDP, and had been as high as 49% as recently as early 2001” — Forbes.com
To help improve the meaning of these lyrics, visit “State of the Union 2013” by President Barack Obama and leave a comment on the lyrics box