With millions still out of work, companies face little pressure to raise
salaries, while productivity gains allow them to increase sales without
adding workers.
“So far in this recovery, corporations have captured an unusually high
share of the income gains,” said Ethan Harris, co-head of global
economics at Bank of America Merrill Lynch. “The U.S. corporate sector
is in a lot better health than the overall economy. And until we get a
full recovery in the labor market, this will persist.”
http://www.nytimes.com/2013/03/04/business/economy/corporate-profits-soar-as-worker-income-limps.html?pagewanted=all&_r=0
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