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The Bow skyscraper towers over Calgary.
The Bow skyscraper towers over Calgary.
(Chris Bolin For The Globe and Mail)

SCOTT BARLOW

Are today’s high corporate profit margins sustainable?

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The New Yorker’s James Surowiecki penned a widely read and perfectly cogent argument that high U.S. corporate profit margins can be sustained because of globalization, declining wage costs and low corporate taxes. We beg to quibble.