survey of executives from the prominent business roundtable, ceo s outlook the strongest in the 20-year history of the survey. the omicron factor could change that. if history is a guide, large companies have managed very well through every twist and turn of this pandemic. even with tangled supply khaepbs. the covid economy has been remarkably profitable for the big companies. profits for s&p 500 companies soared 37.5% in the year ending in june. according to bloomberg, they posted biggest profit margins in 70 years. let me say that again. biggest margins since 1950. the s&p is up 20% this year. even after that november wobble there. nearly half of ceos surveyed said worker pay was the greatest cost pressure. profit margins would suggest companies are paying people more and they re still making money. it is the goldilocks moment. just right for employees and pay. inflation eats into the worker pay. goldilocks is wearing a mask. delta and omicron are still helping market conce
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