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.
MaxHeadstrong@rbreich ppreciate your post but I have to agree with @enhickman who makes an excellent point here. Comparing 40 years with a time period that is about one year does not seem like a statistically sound thing to do, especially when the one year in question was so, so, so far out of the normal. Inflation by definition is an expansion of the money supply (government printing), but let’s blame private business (greedy corporations) instead.