Paul Krugman: 'American Economy Is Still, By Most Measures, Deeply Depressed'

The New York Times:

The American economy is still, by most measures, deeply depressed. But corporate profits are at a record high. How is that possible? It?s simple: profits have surged as a share of national income, while wages and other labor compensation are down. The pie isn?t growing the way it should ? but capital is doing fine by grabbing an ever-larger slice, at labor?s expense.

Read the whole story at The New York Times

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Source: http://www.huffingtonpost.com/2012/12/10/paul-krugman-american-eco_n_2270362.html

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