this post was submitted on 10 Jan 2026
43 points (97.8% liked)

Progressive Politics

4369 readers
485 users here now

Welcome to Progressive Politics! A place for news updates and political discussion from a left perspective. Conservatives and centrists are welcome just try and keep it civil :)

(Sidebar still a work in progress post recommendations if you have them such as reading lists)

founded 2 years ago
MODERATORS
TokenBoomer@lemmy.world
43
US labor share of income falls to lowest on record; 2025 jobs figures weakest outside of official recession since 2003 (www.wsws.org)
submitted 2 months ago by geneva_convenience@lemmy.ml to c/progressivepolitics@lemmy.world
1 comments fedilink hide all child comments
 

The US economy added only 50,000 jobs in December, according to the latest Bureau of Labor Statistics (BLS) figures released Friday. This brings to an end a year which saw a jobs bloodbath against the working class carried out by corporate America, with all indications that the assault will accelerate in the new year.

What is being carried out is nothing less than a social counter-revolution aimed at eliminating whatever remains of the gains of a century of class struggle. According to the latest figures, the labor share of income for the nonfarm business sector dropped sharply in the third quarter to its lowest level ever, of only 53.8 percent. In 1990 by comparison, following a decade of unprecedented plant closures and deindustrialization, it was 67.3 percent.

you are viewing a single comment's thread
view the rest of the comments
[–] Bustedknuckles@lemmy.world 4 points 2 months ago* (last edited 2 months ago)

"Tax wealth, not work"

I used to think super rich should be taxed to a painful extent so that those resources could be used for those that need it, but I'm growing to believe that the mere existence of individuals with infinite money is bad for society.