How corporate profits are driving inflation, not workers' wages
Rising corporate profits have caused 45% of infla…
Geopolitical Economy Report · Ben Norton
July 2, 202326m 28s
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Show Notes
Rising corporate profits have caused 45% of inflation in Europe, compared to 40% for rising import prices and just 15% for wages, according to research by IMF economists.
VIDEO: https://youtube.com/watch?v=qdZbq1iw-ho
Sources and more information here: https://geopoliticaleconomy.com/2023/06/26/corporate-profits-inflation-europe-imf
US Federal Reserve says its goal is ‘to get wages down’: https://geopoliticaleconomy.com/2022/05/24/us-federal-reserve-wages-inflation