> So if companies are hoarding profits that would go to workers, then this would be reflected in rising shareholder equity, so if employees invest their wages i

> So if companies are hoarding profits that would go to workers, then this would be reflected in rising shareholder equity, so if employees invest their wages in stocks, the productivity-compensation gap is lessened Unless the company is paying dividends (and the distribution is proportional to earnings), we can't assume that a company "hoarding profits" would have a correlated stock price.