Retails sales surged by a solid 1.1 percent last month, and that's being hailed as great news. But great news for who, exactly?
Given the weak labor market, with millions still unemployed, it is unlikely that higher retail sales and profits will translate into higher wages for retail workers, who make up a growing slice of America's workforce. Instead, those gains are more likely to be reflected in bigger bonuses for executives and higher share values.