Robert Reich asks,

"If monopoly power is a major factor behind inflation, why do the media and elected lawmakers continue to blame inflation on wages โ€” which havenโ€™t been increasing nearly as fast as the prices of the products and services of big corporations?"

#inflation #media

https://robertreich.substack.com/p/office-hours-fake-brand-competition

Office Hours: Fake brand competition, monopoly power, and inflation

Why do the media and lawmakers blame wages instead of monopoly power?

Robert Reich
@wdlindsy the wages of the rich.
@Oldfartrant You're absolutely right.