captainjman2@lemmy.world to politics @lemmy.worldEnglish · 1 year agoCNN Poll: Half of Americans think the economy is getting worse, despite months of stronger economic news | CNN Politicswww.cnn.comexternal-linkmessage-square108fedilinkarrow-up1350arrow-down114
arrow-up1336arrow-down1external-linkCNN Poll: Half of Americans think the economy is getting worse, despite months of stronger economic news | CNN Politicswww.cnn.comcaptainjman2@lemmy.world to politics @lemmy.worldEnglish · 1 year agomessage-square108fedilink
minus-squarealienanimals@lemmy.worldlinkfedilinkarrow-up28·edit-21 year agoCorporations and the 1% keep posting record profits. The rest of us keep having to pay higher prices. CNN: Why do many Americans think the economy is getting worse?? It’s working as designed.
minus-squarehuge_clock@lemmy.worldlinkfedilinkarrow-up2arrow-down2·edit-21 year agoCorporate profits are relatively flat as a percentage of national income (it has gone up a bit since COVID): https://fred.stlouisfed.org/series/A445RE1A156NBEA People always seem to remember to adjust wages for inflation but understandably because of media headlines almost never adjust profits for inflation.
minus-squarealienanimals@lemmy.worldlinkfedilinkarrow-up2·1 year agoMajor corporations in America hide most of their profits. If you listen to their earnings calls, they’ll still be boasting about record profits.
minus-squarehuge_clock@lemmy.worldlinkfedilinkarrow-up1·1 year agoSo if they’re hidden how do you know they are at record levels?
minus-squarealienanimals@lemmy.worldlinkfedilinkarrow-up1·1 year agoAs per my last comment: If you listen to their earnings calls, they’ll still be boasting about record profits.
Corporations and the 1% keep posting record profits.
The rest of us keep having to pay higher prices.
CNN: Why do many Americans think the economy is getting worse?? It’s working as designed.
Corporate profits are relatively flat as a percentage of national income (it has gone up a bit since COVID): https://fred.stlouisfed.org/series/A445RE1A156NBEA
People always seem to remember to adjust wages for inflation but understandably because of media headlines almost never adjust profits for inflation.
Major corporations in America hide most of their profits. If you listen to their earnings calls, they’ll still be boasting about record profits.
So if they’re hidden how do you know they are at record levels?
As per my last comment: