captainjman2@lemmy.world to politics @lemmy.worldEnglish · 11 months agoCNN Poll: Half of Americans think the economy is getting worse, despite months of stronger economic news | CNN Politicswww.cnn.comexternal-linkmessage-square108fedilinkarrow-up1351arrow-down114
arrow-up1337arrow-down1external-linkCNN Poll: Half of Americans think the economy is getting worse, despite months of stronger economic news | CNN Politicswww.cnn.comcaptainjman2@lemmy.world to politics @lemmy.worldEnglish · 11 months agomessage-square108fedilink
minus-squarehuge_clock@lemmy.worldlinkfedilinkarrow-up2arrow-down2·edit-211 months agoCorporate profits are relatively flat as a percentage of national income (it has gone up a bit since COVID): https://fred.stlouisfed.org/series/A445RE1A156NBEA People always seem to remember to adjust wages for inflation but understandably because of media headlines almost never adjust profits for inflation.
minus-squarealienanimals@lemmy.worldlinkfedilinkarrow-up2·11 months agoMajor corporations in America hide most of their profits. If you listen to their earnings calls, they’ll still be boasting about record profits.
minus-squarehuge_clock@lemmy.worldlinkfedilinkarrow-up1·11 months agoSo if they’re hidden how do you know they are at record levels?
minus-squarealienanimals@lemmy.worldlinkfedilinkarrow-up1·11 months agoAs per my last comment: If you listen to their earnings calls, they’ll still be boasting about record profits.
Corporate profits are relatively flat as a percentage of national income (it has gone up a bit since COVID): https://fred.stlouisfed.org/series/A445RE1A156NBEA
People always seem to remember to adjust wages for inflation but understandably because of media headlines almost never adjust profits for inflation.
Major corporations in America hide most of their profits. If you listen to their earnings calls, they’ll still be boasting about record profits.
So if they’re hidden how do you know they are at record levels?
As per my last comment: