Wage Growth Isn’t Threatening Corporate Profits Yet
“One of the main worries is that wage growth could cut into corporate bottom lines. Higher wages, of course, can benefit the economy, but they can also push up costs. On Friday morning, the government reported that on average workers wages rose 3.2 percent in March from a year ago. While that’s still healthy wage growth, and the seventh month in a row that the figure has topped 3 percent, it was lower than economists had been expecting and was down from 3.4 percent year-over-year growth the month before.”