Goldman Sachs: Get Ready for Labor to Crush Capital in the U.S.
A shift in the balance of power.
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Lofty corporate profit margins—and their seeming reluctance to return to longer-term averages—last month had Goldman Sachs Group Inc. thinking about questioning the efficacy of capitalism.
But fresh analysis from Goldman's Elad Pashtan's is sure to instill renewed faith in the Invisible Hand for any colleagues that had begun to have creeping doubts. Corporate profitability is, in fact, poised to fall, he has warned clients.