Comment 

Jobless hope for profits

Chris Dillow

Chris Dillow
Jobless hope for profits

I have pointed out elsewhere that there are more people out of work than headline figures suggest, and that this fact could force down real wages even further in the next 12 months. For investors, however, there’s an upside to this – lower real wages could mean a rising profit share and hence decent profit growth even if the economy grows only slowly.

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