Profits misread by executives says economist
John Q Jennings argues Americans misunderstand profits seeing them as higher than reality. He cites 1975 first half manufacturing after tax profits of 21.7 billion on 513.7 billion sales and notes corporate and union leaders often lack full financial facts. He urges more open data sharing to prevent wage and inflation pressures. The piece contrasts claimed 10 percent fair profits with actual margins of about 4.2 percent for manufactures and 1.4 percent for retailers.
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Jennings
John Q
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