The 2000 PIA Ratios also revealed similar trends in the commercial and advertising printers sector, the book manufacturing industry and for prepress specialists for fiscal year 1999, with profit
rates for profit leaders increasing, while profit rates for the sectors as a whole decreased (see chart).
(Eley has produced a 5.6% gain since the fund's inception in November, with Profit
Lomax's net asset value at $10.56 a share as of mid January, up from a $10 initial price.) In part, new funds are slaves to the press and must wait their turn for ink.
In this book, Douglas Kruse sets out to review the literature on the effects of profit sharing and to provide new empirical evidence on profit sharing's consequences using a new longitudinal data set containing information on both organizations with profit sharing and those without it.
For example, unmeasured human resource management changes implemented along with profit sharing may be what really drive apparent profit sharing effects.
Therefore, the research does not tell companies what other human resource practices fit best with profit sharing and make its success more likely.
The problems associated with profit
analyses also occur because of the increasing disparity between direct and indirect costs.
This sentiment was voiced by the American Federation of Labor's first president, Samuel Gompers, who maintained that employers "pared down wages of their employees," so that even with profit sharing, die employees' compensation was below that of other employees in a given industry.1
Many skeptics of profit sharing fear that firms with profit sharing pay lower wages compared to firms in like industries without profit-sharing plans.
Communications profits increased sharply, following a steep decline; on average over the two quarters, profits were in line with profits
over the preceding year and a half.