Conversation

Notices

1. Embed this notice
   Mike (mikebon@mstdn.social)'s status on Sunday, 04-Aug-2024 11:01:30 JST Mike

   in reply to

   • DeanBaker13

   @DeanBaker13
   "The basic story here is that many restaurant chains took advantage of the supply chain crisis to increase their profit margins.

   To be clear, this means that they raised their prices by more than their costs. This is what University of Massachusetts economist Isabella Weber called “sellers’ inflation.” More commonly it is known as “greedflation.”

   ...the basic point is pretty clear in the data. The profit share of national income increased at the expense of wages."

   • Embed this notice
     DeanBaker13 (deanbaker13@econtwitter.net)'s status on Sunday, 04-Aug-2024 11:01:31 JST DeanBaker13

     Are NPR reporters prohibited from discussing corporate profit margins? McDonald's, Starbucks and other chains are being forced to rollback pandemic markups and it treats it as a bad economy story https://cepr.net/is-npr-prohibited-from-talking-about-profit-margins/

     Elledeeay repeated this.