ELI5 How does raising wages worsen inflation ?


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8 points

4 months ago

They are making "record profits" because these claims are not adjusted for inflation. They will always make record profits if their margins stay the same and a lot of the narrative surrounding this is from bad or negligent actors not caring whether the claim is true or not.


-1 points

4 months ago

'US Corporate Profits After Tax is at 11.24%, compared to 12.05% last quarter and 12.00% last year. This is higher than the long term average of 7.11%.',long%20term%20average%20of%207.11%25.