Economy

Wealth gap grows as rising corporate profits boost stock holdings

0


Protesters block a courthouse entrance in Los Angeles on Aug. 21, 2020.

VALERIE MACON | AFP | Getty Images

The rich really are getting richer. 

Two Federal Reserve economists recently examined the evidence and concluded the gap is getting even wider.

Federal Reserve Board economists Isabel Cairo and Jae Sim found that the inequality gap has risen because owners of assets like real estate and stocks are benefiting from the rise of corporate power and rising profits, along with the decline of labor.

 “The before-tax profits share of U.S. corporations has shown a dramatic increase in the last few decades,” the authors wrote. The rise of corporate profits was strongly correlated with the…



Source cnbc.com

At least 5 states start paying $300 unemployment boost

Previous article

Cleaning and disinfecting leaves no trace of virus on surfaces in clinic: Study

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Economy