Marketwatch.com reports that corporate profits soar, while wages continue to fall.
U.S. corporate profits have increased 21.3% in the past year and now account for the largest share of national income in 40 years, the Commerce Department said Thursday.
Meanwhile, the share of national income going to wage and salary workers has fallen to 56.9%. Except for a brief period in 1997, that's the lowest share for labor income since 1966.
The Economic Policy Institute has a snapshot of the situation.