RaymondPierreL3

[Edited to correct quoted source]
Well, what do you know… corporate #Grifters are at it again. #Greedflation is lining up to bat again.

“New analysis of the national accounts reveals that all of the increase in inflation in the latter half of 2025 was due to increased profits, rather than inflationary pressures from a tight labour market or rising labour costs (Source Greg Jericho & David Richardson — Tue 24 Mar 2026 10.00 The Point)

Read more:
https://thepoint.com.au/news/260324-profit-push-is-back-the-increase-in-inflation-is-due-to-profits

#AusPol #economics #Inflation #Employment #Wages

Profit push is back: the increase in inflation is due to profits

New analysis of the national accounts reveals that all of the increase in inflation in the latter half of 2025 was due to increased profits, rather than inflationary pressures from a tight labour market or rising labour costs

2:13amWeb
Show threadInsurgo Formica4h ago
@RaymondPierreL3 a price/profit spiral
Show threadStephen Gentle3h ago
@RaymondPierreL3 It’s incredible, basically none of the inflation over the last five years has been anything interest rate rises can improve, and if anything it’s just made things a lot worse - yet that’s all the RBA can think of doing… The fact that it’s the only thing they have direct control of is no excuse for setting policy that makes things worse - they should be working with Government to try and implement actually effective measures instead!
Show threadAnthony David28m ago

@RaymondPierreL3

The bullshit narrative of "fiduciary duty to shareholders" being the only credo a corporate entity must follow needs to be thrown in the bin.