2 years, 2 months ago
Watch: Chart-armed Katie Porter makes the case that corporate greed is the primary cause of inflation
Raw StoryDuring a House of Representatives hearing on Wednesday, United States Congresswoman Katie Porter grilled Mike Konczal, the director of Macroeconomic Analysis at the Roosevelt Institute, over the primary cause of inflation in the post-COVID-19 economy. Equipped with one of her easy-to-read, data-filled posters, Porter got Konczal to admit that surging corporate profits are forcing American consumers to pay significantly more for goods and services. Porter asked if that meant that "over half of the increased prices people are paying are coming from increases in corporate profits?" Konczal said that it did and that "the unit price index is reflected in corporate profits as opposed to other costs."
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History of this topic
11 months ago
Americans’ economic outlook brightens as inflation slows and wages outpace prices
Associated Press
11 months ago
Americans’ economic outlook brightens as inflation slows and wages outpace prices
LA Times
1 year, 7 months ago
Economists are reconsidering how much corporate profits drive inflation
NPR
2 years, 5 months ago
Column: The big contributors to inflation you’re not hearing about: profiteering corporations
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2 years, 7 months ago
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2 years, 9 months ago
AP FACT CHECK: Biden skirts blame on inflation; GOP gas hype
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2 years, 11 months ago
Analysis: Biden finds inflation overshadows strong economy
Associated Press
3 years, 1 month ago
Joe Biden’s Biggest Economic Problem? Inflation Is Rising Faster Than Wages.
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