11/29/2012
Today, wages and benefits make up the lowest share of America’s gross domestic product since World War II. Wages have fallen from 53 percent of GDP in 1970 to 44 percent today. Profits have been growing at wages’ expense. Michael Cembalest, J.P. Morgan’s chief investment officer, has calculated that reductions in wages and benefits were responsible for about 75 percent of the increase in corporate profits between 2000 and 2007.
http://www.alternet.org/labor/what-happens-if-labor-dies?page=0%2C4
The only way unions can regain their strength and provide a counterweight to corporate power is if liberals join the fight.