Geopolitical Economy Report
@geopoliticaleconomyreport·743K subscribers·762 videos
How corporate profits are driving inflation, not workers' wages
Posted
June 27, 2023
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26:28Now PlayingRising 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.
Sources and more information here
US Federal Reserve says its goal is ‘to get wages down’
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