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.
Eric Hickman@rbreich The chart is comparing an average across almost 40 years with a time period that is about one year? Any chance there were shorter periods of time within the forty years that are more comparable to the present period? Do you believe we could use this as a metric that accurately tracks the sentiment of corporate greed over time? I would expect corporate greed to stay pretty constant over time as I don’t think human nature changes much from one perid to the next.