In recent decades, U.S. companies have dramatically improved the profitability of labor. The implications for the valuation of equities have gone virtually unnoticed! An unprecedented surge in business-investment spending in relation to the overall economy—primarily driven by new-era technologies introduced since the early 1990s—shows evidence of substantially and, perhaps permanently, lifting the stock market-valuation range. If this proves correct, investors will eventually have to “Get Used To Higher Valuations.”