Although experts estimate that sequestration could cost the country about 700,000 jobs, Wall Street does not expect the cuts to substantially reduce corporate profits - or seriously threaten the recent rally in the stock markets, The New York Times reported. As a percentage of national income, corporate profits stood at 14.2 percent in the third quarter of 2012, the largest share at any time since 1950, while the portion of income that went to employees was 61.7 percent, near its lowest point since 1966. In the years since the recession, the gap accelerated as profits grew and employment shrank, said Dean Maki, chief U.S. economist at Barclays. Read more.