Record Profits for Some But Workers' Share Hits 40-Year Low

Posted by the ever-vigilant David Sirota who has a book- Hostile Takeover - coming out soon:

As I noted last week, media pundits like Sam Donaldson simply cannot understand why polls show the public is so down on the economic direction of our country. These commentators - who are supposed to reflect the true pulse of America - look at today's Wall Street Journal headline blaring that "Corporate Pretax Profits Jump 14.4% - Strongest Gain Since 1992" and wonder: why, oh dear god why, aren't ordinary Americans aren't jumping with joy?

The answer, as I note in my upcoming book Hostile Takeover, is simple: if you take the five seconds it takes to actually look at the underlying data, you see that those profits aren't actually benefitting ordinary workers - they are increasingly benefitting only those at the very top of the economic ladder.