Labor union decline, not computerization, main cause of rising corporate profits:
""In short, my study shows that capitalists have rarely had it as good as they did from 1979 through 2007," said Kristal. "The empirical analysis of this study ends at 2007, but updated data reveal that although the great economic recession reduced corporate profits as a share of national income, it was only a short-run effect (of about 2 years) and the golden age of corporate profits has continued well into 2010 and beyond.""
At the Sunday Night Café...
-
... you can talk about whatever you want...
... including the Elon Musk/Wisconsin event that's about to unfold. Here's
the live feed:
2 hours ago