Add Axios as your preferred source to
see more of our stories on Google.
Corporate profits are taking the largest chunk of America's total income since a brief period of the early 1950s, as the slice of the pie going to worker pay has shrunk to the thinnest on record.
Why it matters: It's another piece of evidence underscoring the current state of play in the American economy: Surging profits have buoyed stock markets while increasing pressure on an already cranky public.
What they're saying: "The trend predates the AI boom," wrote Wall Street Journal economics commentator Greg Ip. "The causes are complex and the implications sobering. You can be a red-blooded capitalist and still worry about the political stability of an economy in which ever more output flows toward shareholders instead of employees."
