Profits for large companies in the first quarter are up 32 percent compared to last year. Behind the profit trend is a currency effect from the weak Swedish krona and a China that has come to life economically.
The fact that the export giants' profits are soaring at the same time as wage earners accept shrinking real wages is something you have to live with, says Susanna Gideonsson, chairman of the trade union LO. It is wages in the export industry that set the level for the entire labour market, the so-called mark.