Corporate profits in the U.S. have almost doubled since 2019.

That has other issues. For instance change in ownership structures (eg. mom & pop shops selling up to private inequality) would change this figure without anything else changing.

The statistic for "Share of Labour Compensation in GDP", which avoids such issues shows that while it has dropped (ie. more money going to capital), the scale is grossly exaggerated.

https://fred.stlouisfed.org/series/LABSHPUSA156NRUG

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potato3732842 4 days ago | parent | prev [-]

All these "doubled since 2015/2019/20whatever" stats tie back to a dirty word that starts win In and ends with "flation"

And, as everyone who wasn't lying for various reasons predicted and anyone can see by looking at prior comparable events in history can tell you, wages are one of the last things to go up.

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_DeadFred_ 4 days ago | parent | next [-]

Bro, the CEOs said on conference calls it wasn't about inflation and bragged about their profits.

https://www.theguardian.com/business/2022/apr/27/inflation-c...

https://groundworkcollaborative.org/work/big-profits-in-smal...

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potato3732842 4 days ago | parent [-]

Bro, they have to. If they said they were making double because dollars worth have stonk no go up.

	▲	_DeadFred_ 2 days ago \| parent [-]
		Bro, they account for the dollars worth in their calls though.

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ffsm8 4 days ago | parent | prev [-]

You do realize that inflation hits at least as much for employees though right? (Likely even more, because all things equal, you're still better off if numbers are bigger)

If anything, you'd be strengthening cameldrv and Epa095s point...

	▲	grafmax 4 days ago \| parent [-]
		Inflation is typically better for the wealthy. Cost of living goes up. This hits you if you are a worker. But if you’re wealthy this is a small dent in your budget at best. On the contrary, you hold many assets, which generally appreciate with inflation, effectively hedging away the negative effect.