Greatest post (and thread) on economic and fiscal facts - stats and graphs galore

[progree]

http://www.democraticunderground.com/125170175

[frankie]

1. The US economy in 3 easy graphs

http://www.businessinsider.com/corporate-profits-just-hit-an-all-time-high-wages-just-hit-an-all-time-low-2012-6

[progree]

2. V E R Y Interesting - I was inspired to make notes on all 3 graphs

For anyone wanting a synopsis for their notes. All numbers are my reading of the graphs...

3 graphs: (1) Corporate Profits / GDP (2) Employment as % of population (I think of working-age popn - its currently at 58.5%) (3) Wages / GDP

http://www.businessinsider.com/corporate-profits-just-hit-an-all-time-high-wages-just-hit-an-all-time-low-2012-6

1. Corporate Profits / GDP -- it was a record .102 in 2007 or so, fell sharply to .046 during the financial collapse of 2008-9, and now is at a record .108

2. Employment as % of population (I think of working-age popn - its currently at 58.5%) - It averaged around 56% in the 1950s, rose to 58% in 1970, then is bumpy because of recessions, but from a valley of 57% in 1982, it rises to 64.6% in 2000, and then falls straight down (except a modest bump up during Bush's housing bubble years) to about 58.5% -- its been around 58.5% for about a year

3. Wages / GDP - an almost straight decline from 1970 (0.536) to present (0.440), with a significant temporary bump up during the Clinton years