News@lemmy.world

news@lemmy.world

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Modlog

Lee DunatoNews@lemmy.worldEnglish·9 months ago

cross-posted to:
usnews@beehaw.org

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

(www.theguardian.com)

718

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

(www.theguardian.com)

Lee DunatoNews@lemmy.worldEnglish·9 months ago

cross-posted to:
usnews@beehaw.org

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

psud
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9 months ago
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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