Recipe for Angry Juries: Corporate Profits Soaring While Real Wages Decreasing

That's right, despite a lengthy period of economic expansion, the current US economy has a chance to become the first period of sustained growth since World War II in which real wages for workers also failed to increase. This according to the New York Times in an article published yesterday.

The median hourly wage for American workers has declined 2 percent since 2003, after factoring in inflation. In contrast, economists report that productivity -- the amount that an average worker produces in an hour -- has risen steadily during the same period.

As a result, 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 since the 1960s.

And if you think this kind of thing has an effect on the general attitude of the regular, everyday people that sit on juries . . . you are right!Technorati Tags:

,