The 21st Century Sure Has Been a Great Time to Be a Corporation


This is apropos of nothing in particular. I was just noodling around on something else and happened to run across this data, so here it is. The economic recovery of the Bush years might have been pretty anemic for most of us, but it was sure a great time for the corporate world: Between 2001 and 2006, pretax profits went up 3x and after-tax profits went up even more. These profits dipped during the Great Recession, of course, but they’ve fully recovered since then. All in all, since the start of the 21st century the income of ordinary folks has declined about 5 percent, but after-tax profits in the nonfinancial sector have gone up nearly 4x. Nice work, business titans!

Fact:

Mother Jones was founded as a nonprofit in 1976 because we knew corporations and the wealthy wouldn’t fund the type of hard-hitting journalism we set out to do.

Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. If you value what you get from Mother Jones, please join us with a tax-deductible donation so we can keep on doing the type of journalism that 2018 demands.

Donate Now