A new study by the Northeastern University Center for Labor Market Studies indicates that workers’ salaries and wages are generally stagnant amid high unemployment - even while the economy slowly generates new jobs, stock markets rebound, average-worker productivity increases, and corporate profits soar. Indeed, the Northeastern study says that nearly 90 percent of the economy’s real income growth during the current recovery has gone into corporate profits, after companies slashed payrolls, kept wages down, and squeezed productivity out of existing employees.
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