The Lever @levernews.com · Jun 17 S&P 500 profit margins just hit a record high. In Q1, companies kept nearly $0.15 in profit for every $1 of revenue — more than double the long-run average. The boom is concentrated in megacap tech, AI infrastructure, layoffs, and “efficiency” drives.
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Meanwhile about 45 percent of Americans don't earn enough money (regardless of the fact that many may work multiple jobs) to afford an acceptable quality of life.
FULL STORY: www.levernews.com/newsom-decla...