Real wages are shrinking as profits are soaring. But are most businesses really raking it in? – ABC News

Key points:

  • The wages share of national income is around record lows, just below 50 per cent
  • The mining profits share of national income has surged during recent years
  • The finance sector and housing are also capturing much greater shares of national income than in the past

Real wages are shrinking as profits are soaring. But are most businesses really raking it in? – ABC News

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