“Corporate earnings will eclipse expectations, optimists contend,” by Dan Jamieson, InvestmentNews.
“Wage increases are unlikely, contends Reed Halladay, managing partner at Bel Air Investment Advisors LLC, which manages $5 billion.”
“’There’s excess supply [of labor]‘ … Workers are ‘not in a position to negotiate’ for higher wages.”
“With capacity utilization running at just 70%, there’s room for expansion without driving up production costs, Mr. Halladay added.”
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