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American plutocracy in two simple graphs; plus, when will wage growth bottom?

American plutocracy in two simple graphs; plus, when will wage growth bottom?

The JOLTS report for February comes out later this morning; I may post on it later or tomorrow.


In the meantime, here are updates on several graphs I used to run during the last expansion in order to examine how shared out (or not) economic growth was.


First, here is a graph comparing corporate profits adjusted for inflation, and total nonsupervisory wages, also adjusted for inflation. Both are also adjusted for population growth, so that we can see how much each has grown (or not) per person: