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View Diary: One Graph Says It All; Corporations Making Out Like Bandits (182 comments)

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    vf2890

    The graph doesn't say whether corporate profits or wages are up or down - it only indicates what percentage of the national income went to what category. Its about how wealth (income actually) is distributed, not about actual wages or profits.

    For example, if corporate profits fell, but wages were unchanged, the graph would still be down for profits but up for wages, because wages would have a larger share of a shrinking pie, even though they were stagnant. Similarly, if both rise, but one rises faster, the graph will show one rising and one falling.

    In our time, political speech and writing are largely the defense of the indefensible. - George Orwell

    by badger on Tue Aug 29, 2006 at 03:23:28 PM PDT

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