Wages Fall to 43% of U.S. Gross Domestic Income, Lowest Since 1929 (unusualwhales.com) 2 points by robtherobber 3d ago ↗ HN
[–] java-man 3d ago ↗ ... while companies post record profits. we all know what is happening. [–] gruez 3d ago ↗ >... while companies post record profitsthat's almost a truism if you factor in inflation. [–] thibaut_barrere 3d ago ↗ They (from the cases I know at least) already posted record profits with a lower inflation rate. [–] gruez 3d ago ↗ Even if inflation was 1%, you'd expect companies to have "record" profits every year, barring some sort of economic calamity or company mismanagement. [–] parineum 3d ago ↗ It's inflation, right? [–] kelseyfrog 3d ago ↗ People are playing a wage strategy in a capitalist system and losing? What else did we expect?
[–] gruez 3d ago ↗ >... while companies post record profitsthat's almost a truism if you factor in inflation. [–] thibaut_barrere 3d ago ↗ They (from the cases I know at least) already posted record profits with a lower inflation rate. [–] gruez 3d ago ↗ Even if inflation was 1%, you'd expect companies to have "record" profits every year, barring some sort of economic calamity or company mismanagement.
[–] thibaut_barrere 3d ago ↗ They (from the cases I know at least) already posted record profits with a lower inflation rate. [–] gruez 3d ago ↗ Even if inflation was 1%, you'd expect companies to have "record" profits every year, barring some sort of economic calamity or company mismanagement.
[–] gruez 3d ago ↗ Even if inflation was 1%, you'd expect companies to have "record" profits every year, barring some sort of economic calamity or company mismanagement.
[–] kelseyfrog 3d ago ↗ People are playing a wage strategy in a capitalist system and losing? What else did we expect?
[–] testplzignore 3d ago ↗ This is ai slop from this slop from a few months ago: https://finance.yahoo.com/economy/articles/us-wages-plummet-...
9 comments
[ 0.21 ms ] story [ 21.8 ms ] threadthat's almost a truism if you factor in inflation.