Steve June 21, 2022

A new research paper finds that corporate price markups and profits jumped to their highest levels in seven decades last year., A new paper published Tuesday shows that U.S. corporate price markups and profits surged to their highest levels since the 1950s last year, bolstering arguments for an excess profits tax as a way to rein in sky-high inflation.Authored by Mike Konczal and Niko Lusiani of the Roosevelt Institute, the analysis finds that markups—the difference between the actual cost of a good or service and the selling price—”were both the highest,2022-06-21 09:01:00,Read More

from Common Dreams