Mondays September quarter Business Indicators release from the ABS, which feeds into todays 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.
Mondays September quarter Business Indicators release from the ABS, which feeds into todays 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.
