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.
Other-worldly Hugh@rbreich I don't quite understand, how have unit labor costs accounted for 61.8% of unit price growth from 1979-2019 when salaries have stagnated over that same period? Are they counting CEO pay in to labor costs?
EVassar@hughrawlinson @rbreich maybe the amount of money corporations plow into politics/politicians makes a difference now, since corps were given "equal say" as "constituents"😖