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ABC News
ABC News
Business

Business fear of wage rise 'has no economic logic' after record profit, expert says

Leonora Risse CBA CommSec

The corporate sector appears to still be in rude health, while the growth in workers' remuneration continues to fall well short of the cost of living.

The latest data from the Bureau of Statistics show, in the three months to June, company gross operating profits rose 7.6 per cent, seasonally adjusted.

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