Gavyn Davies, Jim O’Neill, Martin Wolf (Photo credit: Financial Times photos)
This is an excellent HIGHLY RECOMMENDED READ from Gavyn Davies the respected macro-economist , writing in his blog published by the FT. Check it out!
via The real underpinning for equities | Gavyn Davies.
What surprised me in this article was the clear evidence that the growth in corporate profits has clearly outstripped aggregate wages and salaries over the last thirty years. This trend has been linear, consistent and global. In short, this means that the wealthy have done incredibly well but workers have received a much reduced share of the cake.
Any thoughts?
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