CEOs are complaining about labor costs. Their companies are making the fattest profits since 1950

Matthew Boesler, Joe Deaux and Katia Dmitrieva
Bloomberg

In the second year of a pandemic that began by wiping out 20 million jobs, American workers are doing surprisingly well. It's just that American business is doing even better.

In the past two quarters, U.S. corporations outside of the finance industry posted their fattest margins since 1950 — one reason why stock markets keep hitting all-time highs.

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