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hitting bottom???

"wages and salaries
now make up the lowest share
of the nation’s gross domestic product
since the government
began recording the data in 1947
while corporate profits
have climbed to their highest share..."

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"In the first quarter of 2006,
wages and salaries represented
45 percent of gross domestic product
, down from almost 50 percent
in the first quarter of 2001
and a record 53.6 percent
in the first quarter of 1970,
according to the Commerce Department.


Each percentage point now equals about $132 billion."


1970 share today
would mean 1 billion more in pay roll

Posted by gale at August 28, 2006 02:23 PM

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