Posts Tagged ‘Profits’

Another financial tsunami: the massive shift from wages to profits

by Michael Meacher.

Unnoticed in the austerity-driven travails following the financial crash lies another tectonic shift.   According to research by the US bank Morgan Stanley, since the start of the ‘recovery’ in 2009-10 total real wages have risen by £105bn, but profits have soared by £330bn.   This is the first time that profits have outperformed wages in absolute […]

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