Companies made heaps of money in 2021. And workers?

Companies are making heaps of money in 2021. But what of employees? With their purchasing power crimped by soaring consumer prices, they must be wondering when, if ever, they’ll pocket their fair share. They could be waiting a while.

A year ago analysts thought steelmaker ArcelorMittal SA would be lucky to make US$2bil (RM8.43bil) of net profit in 2021.

Their estimates turned out to be more than a little pessimistic: the Luxembourg-based corporation should report about US$14.5bil (RM61bil) of earnings, higher than the past 13 years combined.