Some say corporate greed is driving inflation

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Price gouging: Some say corporate greed is driving inflation

Critics claim that companies are jacking up prices by more than is required to offset rising costs, padding their profits while using supply snags as cover.

  • Left-leaning think tanks and lawmakers say price gouging is making inflation worse.
  • They cite record corporate profits despite rising costs that should curb earnings.
  • Conservative economists say those arguments ignore basic laws of supply and demand now weighing on the market.

Skyrocketing inflation has been pinned on supply chain bottlenecks, worker pay increases and surging consumer demand —all symptoms of an economy still emerging from the pandemic-induced downturn.

But left-leaning think tanks and lawmakers are increasingly pointing to what they say is an even bigger culprit: corporate greed.

Companies, they say, are jacking up prices by more than is required to offset their rising wholesale costs, padding their profits while using supply snags as cover.



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