Caterpillar CEO: 'We Can Never Make Enough Profit'

Corporate profits have been on the rise for some years now, but wages are stagnant, at best. That's best illustrated by these two charts, showing the trends in corporate profits as a percentage of GDP, compared to wages. Caterpillar, the world's largest manufacturer of mining and capital equipment, is a good example of this trend. The company has a notoriously difficult relationship with labor, recently closing and moving a factory in Ontario after union representatives refused a 50 percent pay ...