Share the Profits! Why US business must return to rewarding workers properly | Robert Reich

The economy is booming and corporate profits are huge, but American wages still stagnate. History provides the answer

According to this week's release from the commerce department, the US economy has been growing at its fastest pace in almost 40 years. Corporate profits are their highest in 70 years. And the stock market, although gyrating wildly of late, is still scoring record gains.

So why do most Americans remain gloomy about the economy? Mainly because their real (inflation-adjusted) wages continue to go nowhere.