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Wage growth of 3.2% is a sign that ‘profits are going to labor’

Senior investment strategist Brian Levitt of OppenheimerFunds says that “wage growth of 3.2 percent is a sign that some of the share of profits are going to labor.” With slowdown in China and Europe, Levitt adds that “there’s no reason to be tight on policy right now.” Yahoo Finance’s Alexis Christoforous speaks to him.