The record gap between corporate profits and worker pay has an 'undercurrent of betrayal,' top economist warns.

The article focuses on the growing disparity between corporate profits and worker compensation in the U.S., highlighting concerns about economic inequality and its implications for social stability. A report by KPMG's chief economist reveals that corporate profits as a share of GDP have increased significantly, while employee compensation has decreased, reaching a record high gap since World War II. This trend contributes to a broader affordability crisis affecting basic living expenses for many Americans, particularly as the wealthiest households account for most spending growth since the pandemic. The article also discusses the impact of generative AI and economic policies on job security and public trust, emphasizing the need for addressing inequality to safeguard democracy and economic health. [Extracted from the article]