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Economy

“Why Corporate America’s profits are set to drop “

“Surging labor costs and slower revenue growth likely will lead to a drop this year in corporate profits in the U.S. and other developed economies, according to a report out Monday from The Conference Board.

Industries that could see their bottom line hurt the most are those that rely heavily on blue-collar workers, the non-partisan think tank said…”

https://www.marketwatch.com/story/corporate-americas-profits-are-set-to-drop-because-workers-are-seeing-sizable-gains-in-their-pay-2019-04-01

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