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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..."



==================================================


"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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