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Publication Date: March 2007
Publisher: Center on Budget and Policy Priorities (Washington, D.C.)
Author(s): Aviva Aron-Dine; Isaac Shapiro
Research Area: Economics; Labor
Keywords: Economic projections; Corporate finance; Household income; Economic inequality
Type: Report
Abstract:
Commerce Department data released today show that the share of national income going to wages and salaries in 2006 was at its lowest level on record, with data going back to 1929. The share of national income captured by corporate profits, in contrast, was at its highest level on record.