Quote:
Originally Posted by TheHurricaneKid
Certain corporations are posting record profits, since the 2008 recession. Where are they spending these profits? Do these profits trickle down?
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Publicly-traded corporations are managed to their stock price. The " trickle down" happens in the form of dividends to shareholders, the owners.
Technology has permanently eliminated 35-50 million jobs ( depending on source) since 2000.
The U.S. would have felt the impact sooner had not the housing bubble created what were temporary, relatively well paying jobs for the masses.
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