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"A golden age of profitability"

delong.typepad.com — The proportion of US GNP that goes to wage earners is now the lowest its been since 1947. If you get a paycheck every week, you're in trouble. "If I had to sum it up," said Jared Bernstein, a senior economist at the institute, "it comes down to bargaining power and the lack of ability of many in the work force to claim their fair share."

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