Executive pay is included in this figure, but rank-and-file workers are far more dependent on regular wages and benefits. A big chunk of the economy's gains has gone to investors in the form of higher corporate profits.
"The spoils have really gone to capital, to the shareholders," says David Rosenberg, chief economist at Gluskin Sheff + Associates in Toronto.
Corporate profits are up by almost half since the recession ended in June 2009. In the first two years after the recessions of 1991 and 2001, profits rose 11 percent and 28 percent, respectively.
And an Associated Press analysis found that the typical CEO of a major company earned $9 million last year, up a fourth from 2009.
But you would be better off if you were on the other side of the equation. 25% better off, as a matter of fact. Life would be very good, indeed.
It must be like 'through the looking glass', over there.
Maybe I am counting wrong...but shouldn't his be our second recovery summer?
But you would be better off if you were on the other side of the equation. 25% better off, as a matter of fact. Life would be very good, indeed.
It must be like 'through the looking glass', over there.
500,000 jobs a month, isn't that what Uncle Joe Biden promised?
Well, you gotta hand it to'em, we only lost 2 million jobs in the past 12 months.
What's the Libbo talking point on that? "It coulda been worse"? :lamo
"Are you better off than you were 4 years ago?"
ME: No.
The economic recovery turns 2: Feel better yet? - USATODAY.com
Well hey. I'm glad somebody is doing well.
Since the OP made no mention of the past 4 years, why bring it up? Are you better off than you were 2 years ago?
Yes, indeed.
You'd only have to be CEO for one year at an average salary of nine million, and you'd be set for life.
Let's see.. nine million, less taxes, about six million, invested at a steady 5%, and you have three hundred grand a year for doing nothing.
Oh, yes, and it would be taxed at the capital gains rate.
I could do that. Where can I get that temporary CEO job again?
Well, you gotta hand it to'em, we only lost 2 million jobs in the past 12 months.
What's the Libbo talking point on that? "It coulda been worse"? :lamo
But that person would invest all that money, which helps all of us.
But that person would invest all that money, which helps all of us.
smoking some serious stuff if you believe that
1) They would? Really? I doubt it.
2) And it would help 'everybody' - how, exactly? Because here's the thing: they've been doing that all along. And we're not being 'helped.'
That's exactly what I said I'd do with it, isn't it? Invest it in a conservative portfolio, making 5%, therefore $300,000 a year for doing nothing, and taxed at the lower capital gains rate. It would be a great benefit to me. I'm not sure how it would benefit anyone else, but, screw them. I've got mine!
Or, would have if only I could be CEO for a year.
That's exactly what I said I'd do with it, isn't it? Invest it in a conservative portfolio, making 5%, therefore $300,000 a year for doing nothing, and taxed at the lower capital gains rate. It would be a great benefit to me. I'm not sure how it would benefit anyone else, but, screw them. I've got mine!
Or, would have if only I could be CEO for a year.
Yes. I wish to be included in that "CEO for a year" line as well.
Are you kidding? Do you know why investment can make you money and what the benefit of investment is?
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