Oz Blog News Commentary

Company profits ride the stimulus wave

December 3, 2021 - 10:30 -- Admin

Wednesday’s national accounts release for the September quarter posted another 4.2% quarter-on-quarter increase in company profits, which hit a fresh record annual high of $579 billion: By comparison, total compensation of employees only rose by 0.5% over the quarter. The divergence between workers and bosses since the pandemic began is stark and illustrated in the

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