Company profits rising mainly on back of wage squeeze: Nouriel Roubini

The growth of earnings through Q3 (September quarter) has been for the listed companies, plus 25%. If output falls and earnings and profits are going up by 25%, it means that wages and labour income are being squeezed, if not collapsing.

from Stocks-Markets-Economic Times https://ift.tt/3m9gR1h

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