{"id":1583590,"date":"2024-04-01T05:50:53","date_gmt":"2024-04-01T05:50:53","guid":{"rendered":"https:\/\/www.counterpunch.org\/?p=317448"},"modified":"2024-04-01T05:50:53","modified_gmt":"2024-04-01T05:50:53","slug":"profits-are-still-rising-why-is-the-fed-worried-about-wage-growth","status":"publish","type":"post","link":"https:\/\/radiofree.asia\/2024\/04\/01\/profits-are-still-rising-why-is-the-fed-worried-about-wage-growth\/","title":{"rendered":"Profits Are Still Rising, Why Is the Fed Worried About Wage Growth?"},"content":{"rendered":"
I was more than a bit surprised to see the profit data this morning. I really did believe that the profit surge during the pandemic was a one-off, associated with supply-chain issues.<\/p>\n
We can argue about how much of this increase was a predictable story, where profits rise due to shortages, and how much was about companies exploiting market power to jack up prices, but the fact that profit shares increased is not disputable. In any case, it was reasonable to expect that profits would return to their pre-pandemic shares after supply chains returned to normal.<\/p>\n
That doesn\u2019t look like what is happening, as shown below.<\/p>\n