The thinking tends to imply that somewhere, workers wages are being set by a central committee, who is more interested in profits than wages. Such thinking is

The thinking tends to imply that somewhere, workers wages are being set by a central committee, who is more interested in profits than wages. Such thinking is wrong. I agree that there may be some cause that makes profits go higher and wages go lower, or they could be totally unrelated. But the driver of wages is competition for hiring people. It's no surprise that in a time of relatively higher employment, there has been little or no wages growth. What is surprising is that corporate profits have expanded. But then, if you have a monetary regime where printing money (QE) is designed to re-inflate the capital of financial institutions via devaluing the currency, then it's not surprising that profits go up for those with first bite at the new-money. Is that the cause? I doubt it. But can someone hold down employee wages for the sole purpose of increasing their profits? No. Solve unemployment, and you will solve stagnant wages growth.