Another image of labor’s broken back: $48,887 in profit per employee!

Daniel Becker writes about Another image of labor’s broken back: $48,887 in profit per employee!.

Over the past five years, total profits of the current Dow 30 members surged by more than 42% through the end of 2014, to nearly $320 billion. This has driven the average annual profit per employee up by more than 34% since 2009, to $48,887.

According to this CNN article from August, the median household income is $53,891. That means these 30 companies are pocketing 90% of what an household earns. That’s out the door, cash in the pocket 90% of what a household works all year to earn. Now, I’m not sure, but I think that household income is pretax and I doubt they get to hid that $53,891 in some account out of reach of the tax man. In fact, I’ll bet that household needs every bit of that money just to get through the year.

Well, the 30 are not hiding all of it:

Dividends paid by the Dow 30 are up better than 30% the past five years, according to FactSet.

Emphasis in Original

It is at the distribution between wages and profit that the class war is fought. Currently, the bourgeoisie are winning!