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Stock Market Warns Workers That They’re the Problem for Business

  • Tech companies’ domination created ‘bear market for humans’
  • Labor-light firms beat big employers by 37 percentage points
After Months In Lockdown, America's Largest Metropolis Gradually Returns To Normal
Photographer: Gabby Jones/Bloomberg

In describing this year’s bifurcated stock market, pundits have often found it easier to offer labels than explanations. Tech is surging while banks fall. Growth is rising as value drops. Big companies thrive while small ones struggle. Each gets part of the story right. None quite names the organizing principle.

Now, someone says he’s cracked the code: The problem with companies is people.