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Goldman: U.S. Wages Catching Up With Productivity Is a 'Sobering' Prospect

  • Gap between wages, productivity has buoyed corporate profits
  • Margins could shrink by 10% annually if gap eliminated

What’s good for American workers may not be so great for their companies.

Goldman Sachs Group Inc. is worried that rising pay is closing in on the productivity gains of the past 15 years, erasing the margins businesses have counted on to boost their profits