This came home to me again when I saw Thursday’s report on the U.S. gross domestic product. Numbers can be pretty boring, but bear with me. Worker compensation — wages and benefits — grew 0.8 percent from the fourth quarter of 2025 to the first quarter of 2026. Corporate profits grew 2.7 percent. When you adjust for inflation, hourly wages have risen 3 percent since the end of 2019. Corporate profits have risen 50 percent. Workers’ share of the nation’s income has now dropped to the lowest it...

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