U.S. Workers Share Of National Income Hits An All-Time Low
The news from Washington is that the economy has recovered. Tell that to your pocketbook. According to data just released by the U.S. Labor Department, the share of income taken home has significantly dropped to an all-time low.
Experts disagree on what the definite cause is, but agree that little is being done to correct the situation.
[T]here’s little sense that either Obama administration or Congress plan to do much about this growing inequality. Indeed, any serious action to boost the economy and cut unemployment now seems to be off the table.
Workers’ share of national income plummets to record low – Yahoo! News.