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Economy

Demeter

(85,373 posts)

15. Another image of labor’s broken back: $48,887 in profit per employee!

Reply to Tansy_Gold (Original post)

Tue Feb 3, 2015, 10:59 PM

Feb 2015

...According to this CNN article from August, the median household income is $53,891. That means these 30 companies are pocketing 90% of what an household earns. That’s out the door, cash in the pocket 90% of what a household works all year to earn. Now, I’m not sure, but I think that household income is pretax and I doubt they get to hid that $53,891 in some account out of reach of the tax man. In fact, I’ll bet that household needs every bit of that money just to get through the year....

http://angrybearblog.com/2015/01/another-image-of-labors-broken-back-48887-in-profit-per-employee.html

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