This from "Business Insider" -- our corporations are working folks to a point where NO "work/family balance" is possible. Please follow link to original.
By the way -- workers NEED UNIONS!
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U.S. corporate profits and efficiency are getting absurd.
On Friday we saw record quarterly profits of $1,450 billion, making up a record share of GDP at 10.1%. We're also at record corporate efficiency of $15,278.72 -- up 22.3% from last year -- according to Sageworks Inc.
That last one says it all. Rampant job cuts and salary cuts, with new responsibilities for old workers, during the recession turned corporations into profit-making machines. Stimulative policies from the government and the Federal Reserve helped plenty. New technology also helps with efficiency.
Unfortunately there are no signs that corporations are turning revenue into jobs.
Real Estate Newsletter Articles this Week
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At the Calculated Risk Real Estate Newsletter this week:
[image: ICE Home Price Index]*Click on graph for larger image.*
• 2nd Look at Local Housing Market...
4 hours ago
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