I think companies have enjoyed historically high profits for a long time now and are simply loath to give that up. What is a reasonable, sustainable level of profit that benefits everyone? It's certainly not what we've seen for the last decade at least. Profits are sky high and wages are deeply stagnant. I've run my own company for decades and I can tell you there isn't a business person alive who will willingly say in public "we're making excellent profits" no matter the situation it's always doom and gloom and the taxes are too high and the wages are too high and there aren't enough qualified candidates etc.