So true I built a site about it. Browse profits for 500 companies and see what those profits would mean for worker pay. yourfairshare.info
Posts by Your Fair Share
Workers' share of corporate output has dropped about 5 percentage points since 1980 while shareholder payouts tripled. That gap is now roughly $800B a year, about $5,000 per worker. The data: yourfairshare.info/dataviz_wageshare
Disney made $12.4B in profit last year across 231,000 employees, about $53,700 per employee. The new CEO's $45M pay package is roughly what 840 of those workers earn in a year. yourfairshare.info/disney
Wage growth slowing while profits climb. Walmart: $21.9B profit, $15.6B to shareholders. yourfairshare.info/walmart. Amazon: $77.7B profit, $51K per employee. yourfairshare.info/amazon. Apple: $112B profit, $104.7B to shareholders. yourfairshare.info/apple
Meta made $62.4B in net income in FY2024 across 74,067 employees, $842K in profit per employee. It also returned $35B to shareholders in buybacks and dividends, $475K per employee. Now cutting 8,000 workers. yourfairshare.info/meta
Many things wrong with this guy but I have to add that messy hair IS NOT FOR THEM. That is for us. Guy is a poseur.
When the market goes up 1%, the average top-1% household gains $115,000. The average bottom-50% household gets $91. That is the disconnect, in dollar terms. yourfairshare.info/dataviz_market_gains
Amazon made roughly $59B in profit last year across 1.5 million employees, about $39K per worker. Not only does Bezos make crazy money off public infrastructure, he doesn't even pass the profits his workers made back to them for their work yourfairshare.info/amazon
Since 1980, workers' share of U.S. corporate value added has fallen from 59% to 54%. Over the same period, S&P 500 buybacks and dividends grew from 3% to 10% of that same pool. Same denominator, directly comparable. yourfairshare.info/dataviz_wageshare
The economy has grown the past 44 years but from that growth workers got less and shareholders got more. Here data showing both trends on the same scale. yourfairshare.info/dataviz_wageshare
friendly reminder that gains from stock market records go primarily to wealthy even though a slight majority of Americans have stocks yourfairshare.info/dataviz_mark...
Chart showing how a 1% market gain distributes across wealth groups. Top 1% gains $115,000 per household, bottom 50% gains $91.
Wall St gains don't even mean that much to most people. When the market goes up 1%, a top-1% household gains $115,000. A bottom-50% household gets $91.
yourfairshare.info/dataviz_market_gains
Chart showing how a 1% market gain distributes across wealth groups. Top 1% gains $115,000 per household, bottom 50% gains $91.
Put another way: on a day the market goes up 1%, the average top-1% household pockets $115,000. The average bottom-50% household gets $91.
Full breakdown: yourfairshare.info/dataviz_market_gains
This interview is a really great discussion of the cutting edge of wealth taxes in CA and MA.
Zuckerberg's Facebook made $60.5B in profit last year. $899,000 per employee. They are cutting 8,000 workers on May 20, per Reuters. The workers who made that profit are the first ones out. yourfairshare.info/meta
Meta made $60.5B in profit last year. That is $899,000 per employee. Now cutting 8,000 workers while the stock climbs. The savings from those salaries are not going back to customers. yourfairshare.info/meta
Stock buybacks use profits from workers to enrich shareholders -- and inflate stock prices the ultra-wealthy borrow against tax-free, no income tax required. (via @nytimes.com)
Apple: $89B in buybacks. yourfairshare.info/apple
Meta: $30.1B. yourfairshare.info/meta
This is the context behind the profit numbers. S&P 500 companies paid out $11,800 per US household in buybacks and dividends last year. With the top 10% owning 87% of stocks, almost all of that went to the wealthiest Americans. yourfairshare.info
The leverage Amazon uses to pressure sellers on price is the same leverage that produced $77.7 billion in profit last year. That's $51,000 per employee. Market power and profit margin are the same story. yourfairshare.info/amazon
Paying $0 in federal taxes while sending billions to shareholders. PayPal made $5.2B in profit last year and returned $6.2B to shareholders. CVS made $1.8B and returned $3.4B. Disney made $12.4B and returned $6.5B. yourfairshare.info
Fewer employers means less leverage at the bargaining table. Warner Bros. Discovery made $727 million in profit last year, $20,479 per employee. The people structuring this deal are not the ones whose options narrow when the industry consolidates. yourfairshare.info/warner-bros-discovery
Live Nation made $496 million in profit last year across 16,200 employees. Monopoly power is how you charge fans a $30 service fee on a $25 ticket and still post half a billion in profit. yourfairshare.info/live-nation-entertainment
This Tax Day, don't forget this: Donald Trump went out of his way to shut down the IRS' FREE and EASY tax filing program.
But I have a bill to bring it back for good. Let's get it done.
While building a profit-per-employee tool I started looking at dividends and buybacks per employee. Some pay shareholders more than they earn in profit. The "resilient" stock market is on the backs of workers who have no control over the profits they worked for. @nytimes.com yourfairshare.info
Intuit made $3.87 billion in profit last year on 18,200 employees, $212,582 per worker. They paid $5.6 billion to shareholders in buybacks and dividends. Lobbying to keep tax filing complicated is their business model, and they pass the proceeds to the stock market. yourfairshare.info/intuit
Alphabet made $132.2 billion in profit last year and returned $55.8 billion to shareholders, $692,000 per employee. Meta: $60.5 billion in profit, $899,000 per employee. Amazon: $77.7 billion, $51,000 per employee. They pay taxes at the rate they choose to. yourfairshare.info
TurboTax and H&R Block spent $7 million lobbying the Trump administration to kill Direct File.
Both companies donated to Trump's 2024 campaign and inauguration committees.
democrats are dogs, not dogs, elevators
DOGE turbocharged the deficit.
budgetlab.yale.edu/research/wea...