Such invariably leads to increased unit output, stable to firm pricing, increased sales growth, widening profit margins and upside earnings reports.
To tease out good small-cap investment candidates, the stock selection segment of the Mellon model focuses on earnings momentum as well as widening profit margins, improving balance sheets, higher-than-average operating leverage and cheaper-than-average valuations.
Already record high profit margins could further widen and earnings materially surprise.
The crisis has widened the earnings gap, so that college or university graduates now earn an average of 1.5 times as much as adults with only a high school diploma, who in turn earn 25 percent more than adults without one.
Certainly as the payoff to education has grown — college graduates have greatly widened their earnings lead — affluent families have invested more in it.
Separate research by the Resolution Foundation found that home ownership in England has fallen to its lowest level in 30 years as the gap widens between earnings and property prices.
Still, economists said the French measures should help the whole economy, if indirectly, as tax relief to low-wage earners widens the earnings gap between the lowest-paid employed and the unemployed, raising the incentive for the jobless to seek work.
ALSO: Viacom revenue falls; Paramount's loss widens Viacom earnings slide; Paramount revenue down Paramount Pictures takes three-month intermission MORE INTERACTIVE: TVs highest paid stars ON LOCATION: People and places behind what's onscreen PHOTOS: Hollywood back lot moments.
"We started to see a widening distribution of earnings by majors," said Professor Carnevale, who also served as chairman of the National Commission on Employment Policy under President Bill Clinton.
The buoyant economy has also fostered a widening dispersion in earnings, as rewards for the highest-paid have risen especially fast.
