Financial Times (August 28)
2026/ 08/ 30 by jd in Global News
In the U.S., “corporate profits have hit a record high while workers’ slice of the pie has sunk to historic lows, fuelling discontent among many Americans and a growing political backlash.” In this tale of two cities, corporate “pre-tax earnings hit an annualised $4.8tn in the second quarter, or 18 per cent of national income… the highest share since the aftermath of the second world war.” Meanwhile, “employees’ share from wages and benefits fell to 60 per cent, the lowest level since the 1950s.”
Tags: $4.8tn, Benefits, Corporate profits, Discontent, Employees, Historic lows, Political backlash, Pre-tax earnings, Q2, Record high, Sunk, U.S., Wages, Workers, WW2
