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Between the second quarter of 2009 and the fourth quarter of 2010, real national income in the U.S. increased by $528 billion. Pre-tax corporate profits by themselves had increased by $464 billion while aggregate real wages and salaries rose by only $7 billion or only .1%. Over this six quarter period, corporate profits captured 88% of the growth in real national income while aggregate wages and salaries accounted for only slightly more than 1% of the growth in real national income. The extraordinarily high share of national income (88%) received by corporate profits was by far the highest in the past five recoveries from national recessions.
In total over the last five years, Dr. Bronner's spending on social and environmental causes and charities has roughly matched our total after-tax income, and we intend to keep doing so as circumstances allow.
Total compensation of executives is capped at five times that of our lowest-paid position.
Employees annually receive 15% of salary paid into a retirement/profit-sharing plan, up to 25% of salary as a bonus, and a no-deductible PPO health insurance plan for themselves and their families.
The over 30,000 words spread across all the soap labels were Dr. Bronner's life work of searching every religion and philosophy for "Full Truths" that can be summed up in two beautiful sentences:
1. CONSTRUCTIVE CAPITALISM IS WHERE YOU SHARE THE PROFIT WITH THE WORKERS AND THE EARTH FROM WHICH YOU MADE IT!
2. WE ARE ALL BROTHERS AND SISTERS AND WE SHOULD TAKE CARE OF EACH OTHER AND SPACESHIP EARTH!
In following these principles, the Bronner family dedicates profits to "Human Projects" all over Spaceship Earth - from fresh water wells in Ghana to orphanages in Haiti and China; from helping organic farm projects to donating over 1,200 acres of land to the San Diego County Boys and Girls Club.
In sharing with our workers, we annually give profit-sharing and bonuses totaling over $10,000 per employee for warehouse positions.
Major causes and focuses right now include fighting for organic integrity in personal care, recommercialization of industrial hemp in the US, and promotion of “Fair Trade” certification of product supply chains to ensure fair wages and prices are paid.
Dr. Bronner would be happy to know the business is running better and more socially responsibly than ever.
Originally posted by surrealist
Given some accuracy with the info presented in the OP, now that big corps are making big profits, and wage growth has been slow, where are all the jobs?
Originally posted by zookey
So go start your own corporation and quit your whining.
Originally posted by James1982
Conservatives are WRONG, and trickle-down economics does NOT work. You can give all the money you want to the large corporations, they are NOT going to share it with their employees.
I've said it before, and I've said it again, there needs to be a wage gap cap. The highest payed employee of a company cannot make more than 10 times the lowest paid employee. This would solve the problem.
Your lowest paid employee only makes $10/hr? Fine, then your highest paid employee only makes $100/hr.
The wage gap is the number one issue with the economy. The rich keep getting richer, and the poor keep getting poorer, and the middle class keep turning into poor people. These people are greedy, awful people, that suck the life out of the US's economy. They steal their money off the blood, sweat, and time of their employees, and then don't share any of the profits with those same people.