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Saul Eslake says ’wages crisis’ sees profits growth rate slump to record lows

Low wages growth has contributed to the slowest growth rate in corporate profits in four decades, according to economist Saul Eslake.

Saul Eslake says ’wages crisis’ sees profits growth rate slump to record lows
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Saul Eslake says ’wages crisis’ sees profits growth rate slump to record lows

Mr Eslake argues in an essay in the book The Wages Crisis released on Thursday that business should be concerned about wages as a cause of historically weak consumer spending, which may be about to get worse.

Read the full article at the Financial Review.

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