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Record Corporate Profits Are Coming Out of Workers’ Hides

by Peter Cohan on Nov.23, 2010, under Towing

How Record Corporate Profits Are Coming Out of Workers' Hides

The Commerce Department reports that U.S. corporate profits have hit historic highs, so why isn’t the GOP — the party of business — celebrating? After all, those profits are coming not from revenue growth — which would benefit workers and executives — but from cost cutting.

Continue reading Record Corporate Profits Are Coming Out of Workers’ Hides

Record Corporate Profits Are Coming Out of Workers’ Hides originally appeared on DailyFinance on Tue, 23 Nov 2010 20:20:00.

Filed Under: Columns, Economy, Earnings

:@aoloriginal, Columns, commerce department, Commerce Department report, Corporate profits, cost-cutting, earnings, economy, exports, gop, hiring, Obama, outsourcing, overseas, productivity, record profits, republicans, revenue growth, salaries, salary, unemployment, WAges

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