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That's not how that works. Raising profits is not the same as raising prices to match inflation.
by thereddaikon 3y ago
That's not how that works. Raising profits is not the same as raising prices to match inflation.
- pixl97 3y agoRaising profits can cause inflation. https://www.npr.org/2023/05/19/1177180972/economists-are-reconsidering-how-much-corporate-profits-drive-inflation https://www.npr.org/2023/05/19/1177180972/economists-are-rec... >He found that in 2021, corporate profits could account for about double that, nearly 60% of inflation, meaning it was not costs driving inflation. It was corporate profits. Now, some economists hear this and think this is proof that companies were just using inflation as an excuse to gouge customers.