Robert ReichCorporate profits only accounted for roughly 11% of price growth from 1979 to 2019.
Today, record corporate profits account for 53.9% of price increases.
Folks, corporate greed is driving inflation, not workers asking for better wages.
Runmiked@rbreich so why is that never mentioned by Jerome Powell and why is he and this administration, by his hand, targeting workers via rate hikes?
Warmth Highest