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.""
Willkie Conducts Staff Layoffs While Dangling Retention Bonuses To Stem
Lawyer Exodus
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These aren't the fun summer bonuses that associates have been hoping for.
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