Profits, not health care, keeping wages flat: Yahoo!
"At this stage of most past recoveries, companies distributed 25% of their income growth to profits and 75% to compensation. But this time appears to be different, with the split closer to 60-40. Companies are putting 59% of income to profits and 41% to worker compensation, according to EPI's analysis.
Some of that may have to do with diminishing union bargaining power, offshoring of white-collar jobs and growth of jobs in the service sector, where not only is pay typically much lower but benefits such as health care and retirement plans are missing, Allegretto said."