The concentration of revenue among U.S. firms has never been higher: the top 1% of U.S. companies by sales now account for approximately 82% of total corporate revenue, reaching a record high.
Since the 1950s, this share has risen by 22 percentage points. Just the top 20 companies alone account for 50% of total U.S. corporate sales, also a record high—up 10 percentage points since the 1980s.
At the same time, after-tax corporate profits represent 12% of U.S. GDP, approaching historic highs and more than double the level seen in 2001.
This means that a small number of companies are capturing an ever-growing share of income and profits across the entire economy. The concentration of markets and the economy has never been greater.
Original source: toutiao.com/article/1866576783988804/
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