This graph speaks volumes: Profits as a Percent of GDP: Financial Corporations vs. Nonfinancial Corporations We saw a big decline in real businesses’ profit share in the 40s, then a…

For me, Profits Without Production equates to Profits sans Direct Labor Input. In most manufacture in the US today, Direct Labor Input is an extremely small ~10% of the Cost…

…wage. Krugman notes the “growing importance of monopoly rents,” which are “profits that do not represent returns on investment but instead reflect the value ofmarket dominance.” Krugman, Profits without Production,…

…cover the social costs of labor. If wages do not cover the social costs, the quality of people’s lives suffers, while business profits more. The market failure is corrected by…

…fair share of taxes. See Zachary Mider & Jesse Drucker, Simons Strategy to Shield Profit from Taxes draws IRS Attack, Bloomberg (July 1, 2013). As the article notes, the IRS…

…not a straightforward accounting measurement like Personal Consumption Expenditures or Corporate Profits. It’s much more like estimates of the non-accelerating inflation rate of unemployment (NAIRU) or Potential GDP. It’s an…

…to include fund managers’ “profits interest” shares of purported partnership income and gains, and making the benefits continously progressive as the recipients move up the overall income scale). Obama continued…

…discussing advantages of unionization, and seeing the evidence of anti-Union and pro-owner sentiment in the way huge profits are channeled to managers/owners while workers are paid a mere pittance of…

…Not for business… They are enjoying high profit rates, mostly due to labor share of income falling 5% since the crisis. Link to graph #2. Aggregate Profit rate since 1967….

…more profits and a capital contraction is induced. Eventually the path to more profits ends in a contraction. The contraction of capital and then labor is actually seen in historic…