More signs that we're chucking the good of the individual in favor of the wealth of the system.
The squeeze on consumers stands in stark contrast to the health of businesses. Not only is the economy growing in terms of what it produces, but corporate profit margins haven’t been higher since the 1960s.
And Friday’s report showed another sign of health: Businesses are swiftly investing in equipment and software. Those investments were up 5 percent in the last quarter of 2011 and 16 percent the quarter before that, according to the report.
Conventional economic theory suggests that it’s only a matter of time before the health of businesses will lift the fortunes of workers as firms begin to hire more people, putting upward pressure on wages.
But although profits are high, many companies appear to be reluctant to hire, at least for now. ...WaPo
At some point, the individual turns on the system. Are we ready for that?
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