Joan Vennochi for The Boston Globe focuses an unflattering spotlight here on State Street Corp. whose profits are soaring as it fires personnel. The example is representative of the wider reality:
[W]hile wage and salary payments to workers declined by $121 billion or about 2 percent since the last quarter of 2008, pre-tax corporate profits rose sharply — up by $572 billion or 57 percent over the same time period.
Land of the free, home of the brave? We've got corporations right where they want us.
