VM (Vicky) Brasseur on Nostr: Half of recent US inflation due to high corporate profits, report finds The report, ...
Half of recent US inflation due to high corporate profits, report finds
The report, compiled by the progressive Groundwork Collaborative thinktank, found corporate profits accounted for about 53% of inflation during last year’s second and third quarters. Profits drove just 11% of price growth in the 40 years prior to the pandemic, according to the report.
https://www.theguardian.com/business/2024/jan/19/us-inflation-caused-by-corporate-profits
The report, compiled by the progressive Groundwork Collaborative thinktank, found corporate profits accounted for about 53% of inflation during last year’s second and third quarters. Profits drove just 11% of price growth in the 40 years prior to the pandemic, according to the report.
https://www.theguardian.com/business/2024/jan/19/us-inflation-caused-by-corporate-profits