Rising profits in the U.S. boost dividends and cash, but not hiring

07/26/2010 | New York Times (tiered subscription model), The

Profits are increasing for many U.S. companies, but the benefit isn't flowing through to the labor market or the broader economy, economists said. Strengthening profits comes from cost cutting, and the money is being paid out as dividends or held on the companies' books as cash, rather than being invested. Profits increased 40% between the end of 2008 and the first quarter of 2010, but wages are close to their recession low.

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New York Times (tiered subscription model), The

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