Read the story here. Advertise at Before It's News here.
Profile image
By Economics as Classical Mechanics (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

While you fight for other people non-economic rights capital privatizes your wages and salaries

% of readers think this story is Fact. Add your two cents.

 Personal income in the USA is the key indicator of the money share between labor and capital. Figure 1 shows personal income in nominal dollars at a quarterly rate. The employee share is defined by the “Compensation of employees’ and in a narrow sense by “Wages and salaries”.

Figure 2 demonstrates that the share of personal income related to “compensation of employees” has been decreasing since the 1970s, and lost almost 5% between 2004 and 2012. This dramatic fall is related to “wages and salaries”. People lose income for their jobs and this lost income fled to those who own the capital.   Figure 3 illustrates the share of wages and salaries in the compensation of employees. It dropped by almost 15% between 1948 and 1994.   

Figure 1. Nominal estimates of personal income, compensation of employees, and wages and salaries in the USA since 1947.  


Figure 2. The shares of “Compensation of employees” and “Wages and salaries” in the “Personal income”, as presented in Figure 1. The period since 2000 is presented separately to highlight the fall in the shares of personal income. 

Figure 3. The ratio of “Wages and salaries” and “Compensation of employees”.


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Immusist Beverage Concentrate - Proprietary blend, formulated to reduce inflammation while hydrating and oxygenating the cells.

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.