The TRUTH About The Inflation Crisis EXPOSED....
December 10, 2022
2,192
150
41
8.71%
Search the Record
IndexedEvery word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
The Progressive Voice Episodes Around December 10, 2022
See what was published immediately before and after this episode.
12:15Now PlayingThe TRUTH About The Inflation Crisis EXPOSED....
YouTube Description
as posted by the channelLabor costs point to corporate profit as main inflation driver
The continued drop in labor costs has economists pointing to private sector profits as a main driver of inflation, undercutting arguments from the Federal Reserve regarding its plan to bring down consumer prices that remain around 40-year highs. Unit labor costs, which are measured by the Labor Department to determine how much businesses are paying for workers to produce their goods and services, have been getting outpaced by profits over several quarters, leading economists to call out a trend. Paul Donovan, an economist with Swiss Bank UBS, wrote in a note to investors saying that Wednesday’s labor cost numbers showed again that corporate profits are rising faster than labor costs. “Today’s inflation is more about margin expansion than labor costs,” he wrote. Earlier this week, Donavan said the slowing labor cost growth underscored “how little of the current inflation is labor related.”
#inflation #federalreserve #fed #cpi #progressivevoice #theprogressivevoice
Support The Show & Watch Exclusive Content
Listen to the audio podcast format on Itunes
Follow me on Twitter
Guests & Subjects Covered
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.