Economic Cost and Profit (Essay Sample)
The task was to discus an article from the CNN Money published on 4th Sept 2012, Titled “ Corporate Profits hit Record as Wages Get Squeezed”. This sample written in MLA format has outlined a number of reasons why companies profits increased marginally after the great recession, while employee wages got reduced.source..
Economic Cost and Profit
The article selected for this discussion entitled “ Corporate Profits hit Record as Wages Get Squeezed” appeared in CNN Money on the 4th of September 2012 and was authored by Chris Isidore. ( The link to the article is HYPERLINK "http://money.cnn.com/2012/12/03/news/economy/record-corporate-profits/" http://money.cnn.com/2012/12/03/news/economy/record-corporate-profits/). The article is about the huge profits that corporate companies are reaping, from their operations, following the end of the great depression four years ago. According to the gross domestic product report, the corporate earnings are up by 18% from the previous year. This is actually the biggest after-tax profits of GDP in history. Company owners are in celebrations as they have reaped big after a period of economic shutdown. Corporate profits took a big hit during the recession period from 2008. However, managers are all smiles that they have managed to bounce back on track. Corporat...
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