Corporate Profits at All-Time High; Wages at All-Time Low: Can We Call it Class War Yet?

Corporate Profits at All-Time High; Wages at All-Time Low: Can We Call it Class War Yet?: "The middle class is being hollowed out; increasingly, there are the super-super-rich, and there are the rest of us.

This week, David Segal at the New York Times broke the news to America that not only was Apple -- the computer and gadget manufacturer formerly seen as a symbol of good old American ingenuity -- making its profits on the backs of abused factory workers in China, but also on poorly paid store employees here in the US.

Apple store workers, he wrote, make up a large majority of Apple's US workforce—30,000 out of 43,000 employees in this country—and they make about $25,000 a year, or about $12 an hour..."