12 Apr 2024 10:34 am
Yep, ALL CORPORATIONS!!! Wages cannot be raised by workers to offset inflation like corporations can raise their prices to maintain or increase profits.Bidencrimefamily » 12 Apr 2024, 10:25 am » wrote: ↑ Glencore and Rio Tinto, and food and commodities businesses Kraft Heinz, Archer-Daniels-Midland and Bunge all saw their profits far outpace inflation in the aftermath of Russia’s invasion of Ukraine.“Because energy and food prices feed so significantly into costs across all sectors of the wider economy, this exacerbated the initial price shock – contributing to inflation peaking higher and lasting longer than had there been less market power,” the report said.After the analysis of 1,350 companies listed on the stock markets in the UK, US, Germany, Brazil and South Africa, the report said firms in the technology sector, telecommunications and the banking industry also pushed through significant price increases that raised their profit margins.