According to the Federal Reserve Bank of St. Louis, since 2021, Gross Domestic Product has grown by roughly 11% annually. During the same period, corporate profits have more than doubled, increasing on average nearly twenty percent annually. Hourly wages have increased a little over four percent annually with lower increases in the past two years, and workers’ share of corporate income has decreased by 8% to an all-time low of 71%.

Those numbers provide an overall suggestion that corporate profits are definitely improving far faster than are workers’ income, a fact highlighted by a recent Economic Policy Institute (EPI) study that found that while worker productivity increased by 92% over the past 45 years, average hourly worker compensation only increased by 34%, with that gap widening more each year.

These figures, or variations on them, have been cited for some time, but there are other aspects of adverse economic change affecting Americans that, while obvious, have not been quantified in terms of their impact.

I occasionally watch (mostly listen to) CNN and other video productions for quick updates, usually in the kitchen while I’m preparing food, and it struck me that I was seeing/hearing far more commercials, sometimes as many as five or six back-to-back, along with the misleading phrase(“we’ll be back after a short break”) introducing those commercials. So, I did a little research and discovered that, while the FCC has mandated limits on how many minutes of commercials can be inserted into children’s programs (12 minutes every hour on weekdays and 10.5 on weekends), there are no restrictions for other programming.

As late as the early 1970s, the “standard” ratio for television/cable programs was 51 minutes of content and 9 minutes of commercials for an hour program. Today that “standard” is 42 minutes of content and 18 minutes of commercials, and at times “news hours” at CNN consist of as few as 33 minutes of content and 27 minutes of ads. With that ratio, it’s no wonder that viewers are abandoning “mainstream” broadcasting.

Unfortunately, in the search for more advertising dollars, now satellite/cable providers are inserting commercials almost willy-nilly into movie channels and other programs, which means that viewers who originally signed up to avoid or minimize commercials are now paying for commercials on a system they chose to avoid commercials. And that means users are getting less for their money than they used to, particularly since cable/satellite fees continue to increase. Those Americans who can barely afford a television, let alone cable or satellite service, are stuck with commercial maximization.

Just another example of how the insane search for more and more profit hurts all consumers, one way or another, except for the ad agencies (already one of the most profitable industry segments).