Corporate Profits Surge, Workers' Incomes Slip


It's long been true that workers are overdue for a raise. Stagnant wages combined with higher costs of fuel, health care and myriad other necessities mean most workers aren't doing as well as they once did.

Companies, however, are going gangbusters. Corporate profits rose to their highest percentage of total national income last year -- 14 percent, reports New York Times finance columnist Floyd Norris.