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Who: Kimball Corson. Text and Photos not disclaimed or that are obviously not mine are copyright (c) Kimball Corson 2004-2016
Port: Lake Pleasant, AZ
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Corporate America Is in Trouble

26 November 2015 | Pago Pago, American Samoa
Kimball Corson
An exceptionally strong case can be made, and I have made it, that acting with conscious parallelism, the corporate owners of capital in America have misappropriated or, stolen if you will, virtually all of the value of labor's productivity gains for almost the last four and a half decades. See graphs below. Although labor productivity grew by about 74 percent between 1973 and 2013, compensation for workers grew at a much slower rate of only 9 percent during the same time. Corporate American swiped the other 65 percent. It has been able to do this because it controls the business revenue stream. (recall the old adage of 'stay close to the money.') It was in the early 1970's that increases in income inequality first began to be noticed for this and other reasons.

But now there is this to consider. Even with the concurrent absconsion by corporate America of labor's productivity gains (instead of paying them to labor) corporate America's profits are nevertheless still beginning to fall anyway. See additional chart. That is, even with the major prop of its theft from labor, corporate America's profits are fading fast. We are left to guess how much earlier such profits would have collapsed had labor's productivity gains not been taken. We are also left to guess how deeply in the red corporate profits would be by now without including labor's productivity gains. Finally, we also have to face the fact of how pathetic we all are for not realizing all of this earlier notwithstanding the obfuscation and concealment.

The unhappy reality presents itself that corporate America is in truth in much worse shape in fact than we have supposed. Now, even labor's substantial productivity gains are not enough to prop profits up. Indications are corporate American might well be a sinking ship in truly worse shape than we imagine. That has dire implications for the US financial and real economies I need not spell out here.
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Vessel Name: Altaira
Vessel Make/Model: A Fair Weather Mariner 39 is a fast (PHRF 132), heavily ballasted (43%), high-aspect (6:1), stiff, comfortable, offshore performance cruiser by Bob Perry that goes to wind well (30 deg w/ good headway) and is also good up and down the Beaufort scale.
Hailing Port: Lake Pleasant, AZ
Crew: Kimball Corson. Text and Photos not disclaimed or that are obviously not mine are copyright (c) Kimball Corson 2004-2016
About:
Kimball Corson: I am a 75 year old solo sailor, by choice. However, I did take on a personable, but high maintenance female kitten, now a full grown cat, named KiKiPoo when she is sweet, or KatKatPo after she has just killed something like a bird or bat. [...]
Extra:
Although I was a lawyer and practiced law with good success for thirty years, creating significant new law, I never really believed in the law, the politics of law or in the over reaching self-interest of most lawyers I met. Too much exposure to Nietzsche and other good and seriously thoughtful [...]
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Who: Kimball Corson. Text and Photos not disclaimed or that are obviously not mine are copyright (c) Kimball Corson 2004-2016
Port: Lake Pleasant, AZ