{"id":2860,"date":"2018-07-16T18:59:00","date_gmt":"2018-07-16T18:59:00","guid":{"rendered":"http:\/\/democrats.org\/blog\/2018\/07\/16\/icymi-corporate-profits-soar-as-cost-increases-erase-wage-gains\/"},"modified":"2018-07-16T18:59:00","modified_gmt":"2018-07-16T18:59:00","slug":"icymi-corporate-profits-soar-as-cost-increases-erase-wage-gains","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/icymi-corporate-profits-soar-as-cost-increases-erase-wage-gains\/","title":{"rendered":"ICYMI: Corporate Profits Soar, As Cost Increases Erase Wage Gains"},"content":{"rendered":"

**ICYMI**<\/span><\/p>\n

 <\/p>\n

Key Point:<\/span> The cost of living is increasing, but paychecks are lagging behind. Meanwhile, corporate profits continue to soar. The result? “Corporate profits have rarely swept up a bigger share of the nation’s wealth, and workers have rarely shared a smaller one.”<\/p>\n

 <\/p>\n

New York Times<\/a><\/span>: Paychecks Lag as Profits Soar, and Prices Erode Wage Gains<\/p>\n

 <\/p>\n

By Patricia Cohen<\/span><\/p>\n

 <\/p>\n

Corporate profits have rarely swept up a bigger share of the nation’s wealth, and workers have rarely shared a smaller one.<\/span><\/p>\n

The lopsided split is especially pronounced given how low the official unemployment rate has sunk. Throughout the recession and much of its aftermath, when many Americans were grateful to receive a paycheck instead of a pink slip, jobs and raises were in short supply. Now, complaints of labor shortages are as common as tweets. For the first time in a long while, workers have some leverage to push for more.<\/p>\n

Yet many are far from making up all the lost ground. Hourly earnings have moved forward at a crawl, with higher prices giving workers less buying power than they had last summer. Last-minute scheduling, no-poaching and noncompete clauses, and the use of independent contractors are popular tactics that put workers at a disadvantage. Threats to move operations overseas, where labor is cheaper, continue to loom.<\/p>\n

 <\/p>\n

(<\/span>MORE<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"

**ICYMI**   Key Point: The cost of living is increasing, but paychecks are lagging behind. Meanwhile, corporate profits continue to soar. The result? “Corporate profits have rarely swept up a bigger share of the nation’s wealth, and workers have rarely shared a smaller one.”   New York Times: Paychecks Lag as Profits Soar, and Prices <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2860","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nICYMI: Corporate Profits Soar, As Cost Increases Erase Wage Gains - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/icymi-corporate-profits-soar-as-cost-increases-erase-wage-gains\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-16T18:59:00+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/icymi-corporate-profits-soar-as-cost-increases-erase-wage-gains\/\",\"url\":\"https:\/\/democrats.org\/news\/icymi-corporate-profits-soar-as-cost-increases-erase-wage-gains\/\",\"name\":\"ICYMI: Corporate Profits Soar, As Cost Increases Erase Wage Gains - 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