Today, in the New York Times:
With the Dow Jones industrial average flirting with a record high, the split between American workers and the companies that employ them is widening and could worsen in the next few months as federal budget cuts take hold. …
“So far in this recovery, corporations have captured an unusually high share of the income gains,” said Ethan Harris, co-head of global economics at Bank of America Merrill Lynch. “The U.S. corporate sector is in a lot better health than the overall economy. And until we get a full recovery in the labor market, this will persist.”
– Recovery in U.S. Is Lifting Profits, but Not Adding Jobs, Nelson D. Schwartz
Tomorrow, in the New York Times:
If President Obama really wants to show leadership, he will seize this moment and propose a reduction in corporate tax rates, so that corporations will have money to invest and hire and raise salaries and wages.
– Carpe Clueless, David Brooks, op-ed
Bet on it.