Lee Duna@lemmy.nz to

News@lemmy.worldEnglish · 11 months ago

Half of recent US inflation due to high corporate profits, report finds

www.theguardian.com

cross-posted to:
globalnews@lemmy.zip

673

Half of recent US inflation due to high corporate profits, report finds

www.theguardian.com

Lee Duna@lemmy.nz to

News@lemmy.worldEnglish · 11 months ago

cross-posted to:
globalnews@lemmy.zip

Thinktank report says ‘resounding evidence’ shows companies continue to keep prices high even as their inflationary costs drop

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11 months ago
That was last time, we had a wage-price spiral. Wages went high, which pushed prices up, which pushed wages up, etc

On this occasion it is a price-nothing spiral. Prices go up, wages stay static, prices go up, etc

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