CONVERSABLE ECONOMIST: Labor's Falling Share, Everywhere

CONVERSABLE ECONOMIST: Labor's Falling Share, Everywhere
"The OECD has observed, for example, that over the period from 1990 to 2009 the share of labour compensation in national income declined in 26 out of 30 developed economies for which data were available, and calculated that the median labour share of national income across these countries fell considerably from 66.1 per cent to 61.7 per cent ... Looking beyond the advanced economies, the ILO World of Work Report 2011 found that the decline in the labour income share was even more pronounced in many emerging and developing countries, with considerable declines in Asia and North Africa and more stable but still declining wage shares in Latin America."

Why the Super-Rich Love Bubbles | The Reformed Broker

Why the Super-Rich Love Bubbles | The Reformed Broker
"What you'll see is a regular pattern of stock market crashes followed by the rapid recovery of income share by the top .01%. The super-rich have been benefitting disproportionately from this boom/bust pattern that Alan Greenspan kicked into high gear with his doctrine of defending asset prices at all costs."

Madoff, other felons say markets are unfair - MarketWatch

Madoff, other felons say markets are unfair - MarketWatch

"MarketWatch found that insider trading may be one of the most common crimes on Wall Street and one of the least prosecuted. And that was only the beginning. MarketWatch discovered that the problem for retail investors goes far beyond a failure of regulators to identify insider-trading violations.

The financial criminals we spoke with said that not only do many investors routinely skirt insider-trading laws, but the explosion of computerized high-speed trading in recent years has made the situation even more unfair for the retail investor.

Those retail investors should be careful when relying on audited financial statements because accounting fraud continues unabated, according to one interview. Accounting-fraud cases are complex, and regulators don’t have the resources to enforce the law effectively, according to one felon."