The ABS data show wages shrank by 0.5 per cent in the December quarter, seasonally adjusted. File photo: Giulio Saggin/ABC News

Company profits surge as wages fall

Company profits surge as wages fall Michael Janda, www.abc.net.au, 27 February 2017 Official data show wages going backwards while company profits surged at the end of last year, with mining and construction leading the trend. Bureau of Statistics business indicators data for the December quarter show a massive 20.1 per cent surge in profits over…