Corporate Income, Productivity and Skynet Has Been Activated

Written by Steven Hansen There have been several posts recently in cyberspace talking about the disproportionate growth of corporate earnings to the earnings of our Joe Sixpack.

The Great Debate©: Is Productivity Driving the Economy or Is It Something Else?

The opinions of both economists cited in this article are wrong. Take a look at the 5 major recessions we’ve had since 1980 (this commonly used graph was recently used in Professor Stephanie Kelton’s excellent article: