Cui Bono?

CUI BONO?….From our friends at EPI, here’s our chart of the day. It compares the current economic expansion with past economic expansions.

Basically, everything sucks. GDP growth has been mediocre, employment growth has been terrible, and investment in equipment and software has been pitiful. And of course, we already know that median wages have been completely flat. The average worker has gained exactly nothing from five years of economic growth.

But guess what? One sector of the economy has gone like gangbusters: corporate profits. Even skyrocketing executive pay hasn’t been enough to make a dent. Good times indeed.

If you’re a corporation, that is. If you’re not, then not so much. And if you think this is just a coincidence, you haven’t been paying attention.

Support Nonprofit Journalism

If you enjoyed this article, consider making a donation to help us produce more like it. The Washington Monthly was founded in 1969 to tell the stories of how government really works—and how to make it work better. Fifty years later, the need for incisive analysis and new, progressive policy ideas is clearer than ever. As a nonprofit, we rely on support from readers like you.

Yes, I’ll make a donation