Opinion: Low inflation threatens corporate profit, not workers

An employee counts U.S. dollar banknotes while completing a purchase at a Wal-Mart Stores Inc. location in Burbank, California, U.S., on Tuesday, Nov. 22, 2016. Consumer hardline retailers are hopeful Black Friday will provide a strong start to the holiday shopping season, but any lift may come at the expense of margins, as the landscape has become increasingly promotional. /COURTESY BLOOMBERG VIA GETTY IMAGES / PATRICK T. FALLON
An employee counts U.S. dollar banknotes while completing a purchase at a Wal-Mart Stores Inc. location in Burbank, California, U.S., on Tuesday, Nov. 22, 2016. Consumer hardline retailers are hopeful Black Friday will provide a strong start to the holiday shopping season, but any lift may come at the expense of margins, as the landscape has become increasingly promotional. /COURTESY BLOOMBERG VIA GETTY IMAGES / PATRICK T. FALLON
NEW YORK - The latest inflation numbers are worrying the wrong people for the wrong reasons. March's weak report on the consumer price index showed inflation to be low, throwing out investors' assumptions about inevitable rate increases from the Federal Reserve and raising fears that economic growth would remain in the doldrums. But that anxiety is misplaced. Households'…

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