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.
john r red-horse@rbreich Is it also possible that aspects of monopoly play into it as well?
I sure seems like there has been a fair bit of consolidation in many business sectors that show up in the inflation metrics.
Steve NordquistLooking forward to your digest of monopolies not evidencing greed, but with price hikes. Federated First Nations Minerals Categories, I guess shine forth! Looking for some verticals...