Ray Dalio's hedge fund Bridgewater reports US corporate profit margins have increased while labor bargaining power and worker wages fell.
Ray Dalio says corporate profits have soared in the last two decades at the expense of worker wages.Bridgewater, the world's most successful hedge fund, released a report that states the main reason corporate profit margins have increased rapidly in the last 20 years is due to declining labor shares.
Bridgewater CEO Ray Dalio warns animosity toward corporate power is growing:"We are in the midst of a populist backlash," the report states. In what Bridgewater calls"the most pro-corporate environment in history," the last two decades have seen corporate taxes and labor bargaining power fall, as globalization and automation increase.What it's like to work at the most successful hedge fund in the world, where 30% of new employees don't make it and those who do are considered 'intellectual Navy SEALs'
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