Corporate payrolls lag behind profits

The Dow Jones industrial average rose to within 75 points of a record high last week, marking what has become a golden age of corporate profit while millions of Americans are still unable to find work. During the third quarter of 2012, corporate profit accounted for 14.2% of national income, the most since 1950. The portion of that income paid to workers was 61.7%, close to the lowest amount since 1966.

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