The profits go to executives and shareholders.  90% of companies these days are basically just hamsters on a wheel, that was purchased by some billionaire, Oligarch, or multi-national conglomerate.  The end products have been homongenized to near worthlessness.  The processes have been engineered to the point they really don't need skilled people.  All that is left for employees to do is to suck up, cut throats, and backstab.