Warm Southern Breeze

"… there is no such thing as nothing."

The U.S. Economy In 6 Simple Pictures

Posted by Warm Southern Breeze on Wednesday, January 28, 2015

Picture #1:

It’s fairly explanatory. American corporations are making profits hand over fist. They’re making more profit now, than before the “Great Recession.” In fact, they’re making more than DOUBLE from their lowest during that time.

Corporate Profits After Tax

Corporate Profits After Tax

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Picture #2:

Again, this one’s self-explanatory. The average household has lost income since the late 1990’s. In fact, they’ve lost nearly $5000 since then. The levels being earned now are are the same as they were 20 years ago.

Real Median Household Income in the United States

Real Median Household Income in the United States

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Picture #3:

Again, fairly self-explanatory. Employees are being paid less than they were in 1970, when it reached an all-time high. Comparatively speaking, they’re being paid at rates they were earning around 1945.

Shares of Gross Domestic Income

Shares of Gross Domestic Income: Compensation of Employees, Paid

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Picture #4:

Same thing here. Employees are earning less. And, the rate has fallen continuously since 1970.

Screen Shot 2015-01-24 at 2.36.06 PM

Shares of Gross Domestic Income: Compensation of Employees, Paid: Wage and Salary Accruals: Disbursements: To Persons

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Picture #5:

Things AREN’T getting any cheaper. Seriously. For all the hype about “making things cheaper” and all the specious claims made about lower prices from increased production… it’s a load-full of hooey.

Consumer Price Index for Urban Consumers

Consumer Price Index for All Urban Consumers: All Items

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Picture #6:

You’re paying more Income Taxes than Corporations. A HELL of a lot more. Almost THREE times as much. Some folks call that “Corporate Welfare,” because taxes have been cut & slashed on Multi-National Corporations and their über wealthy owners & masters. In other words, you’re being triple overburdened, and Corporations are getting off scot-free. How does that make you feel?

 Personal Current Taxes, Tax Receipts on Corporate Income

Personal Current Taxes, Tax Receipts on Corporate Income

 

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