As of the third quarter of 2012, corporate profits as a percentage of national income rose to 14.2%, representing the largest share at any time since 1950, according to The New York Times. However the percentage of corporate income that went to employees, 61.7%, is close to the lowest it’s been since 1966. The boom in corporate profits has not been accompanied by an increase in jobs in the United States and overall personal income has only risen 1.4% per year over the same period.
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