American Worker: No Rest for the Weary

From Aaron Wiener at TPM:

Workers tend to bear the brunt of the American economy's boom and bust cycles. When recessions hit and unemployment rises, workers' share of the national income -- the money people earn through wages and salaries, as opposed to corporate profits and capital gains -- tends to decline. And when the economy recovers, workers' portion of the country's income rebounds to somewhere around its level prior to the recession.


At least that's how it went in the 20th century. But since the recession of the early 2000s, we've seen the decline without the recovery -- even after the recession ended, workers' portion of national income continued to drop consistently, declining up to and through the recession of the late Bush and early Obama years. Which raises the question: Has the economy changed in a fundamental way that will prevent workers from enjoying the benefits of the current incipient recovery?

13 June 2011Check out the entire story at the link above.  And, of course, it looks quite a bit different for American businesses.