John Sarbanes: “It is unparalleled in coming out of a recession that so much of the growth is going to profits and so little of the…”

“It is unparalleled in coming out of a recession that so much of the growth is going to profits and so little of the growth is going to wages. It is a stark contrast with what occurred as we tried to move out of previous recessions in the entire post-World War II period. The point the Senator makes is extremely important. Productivity is up. The workers are producing, but they are not getting a return in their wages. The benefits are going heavily into corporate profits. The Senator is absolutely correct. And it is a marked departure with previous performance, where there was a much more equitable sharing of the economic benefits of the growth that was taking place, and the wage earner was doing better than under the circumstances we face today.”