Republicans are still trying to say that if the corporations could have more money they would create jobs. The
above chart shows this is not true. Over the last 8 quarters, adjusted for inflation, corporate profits have risen about 50% -- but job creation remains flat. Just more proof that taxes have nothing to do with job creation.
Which 8 quarters? It doesn't say they were necessarily the last 8 consecutive quarters...
ReplyDeleteIt does actually seem to be the last 8 consecutive quarters. You can find other (dated) graphs that show the same pattern, or you can look up the figures yourself.
ReplyDeleteAug 09 To Aug 2011
Jobs: Up 0.5%
Profits: Up 27% by June (couldn't find July/Aug).
Overall, corporate profits are up above where they were before the recession hit.