from Robert Reich:

[elleng]

Corporate profits only accounted for roughly 11% of price growth from 1979 to 2019.

Today, record corporate profits account for 53.9% of price increases.

Folks, corporate greed is driving inflation, not workers asking for better wages.

[BigmanPigman]

1. Yet, way too many America s buy the BS from the GQP.

The media is benefiting as usual. American greed is the norm and MSM is raking it in $$$$. They give too much time to the grifting liars and have since 1979. Thank you Reagun, and all your pals since.

[Warpy]

2. When wages rise, it's an indicator that inflation has already happened

Wages don't drive inflation, they follow it, and somehow they never catch up to it.

That's what they mean when they say wages are a "lagging indicator."

[Warpy]

3. Another reason is that they're all freaking out about the minimum tax

which is really stupid since only the net is affected, not the cost of production.

They dimly realize the gravy train is slowing down a bit, so they're all going to grab while they can.