2026-02-20 01:47:25
The U.S. economy is more distorted than ever.
The widening gap between corporate profits and average workers
— between capital and labor
— helps explain the disconnect between a buoyant economy and pessimistic households.
Consumer confidence is in the basement.
The gap was widening before Trump was elected. It explains in part the rise of MAGA and why Trump won in 2016 and again in 2024.
But Trump hasn’t done a thing to alter these trends.
In fact, …


















