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Business profits boom as workers’ wages bust

December 5, 2019 - 00:10 -- Admin

Monday’s September quarter Business Indicators release from the ABS, which feeds into today’s national accounts, showed that wages & salaries remain wildly divergent from business profits. As shown in the next chart, real business gross operating profits continued to boom in the year to September: Whereas, there remained a huge gulf between wages & salaries:

The post Business profits boom as workers’ wages bust appeared first on MacroBusiness.

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