Filtered by Author: David Schawel (clear)

What's In Store for Employee Wages Going Forward?

// David Schawel

November 14, 2013 - While it may be a surprise to some in the startup community, the last few years have seen record high profit margins for the largest U.S. corporations. In fact, over the last few years, corporate after tax profits accounted for the largest ever share of gross domestic product (GDP). As encouraging as this may seem, a major reason for this stems from the low wages that employees are now earning. In fact, as of 4Q 2012, total wages fell to a record low of 43.5% of GDP. Historically, wages typically account for roughly 50% of GDP. So, in short, corporations have never been more profitable and employees are getting an increasingly smaller share of the pie.
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