How Corporate Price-Gouging is Causing Inflation скачать в хорошем качестве

How Corporate Price-Gouging is Causing Inflation

The main driver for inflation in Australia is excess corporate profits, not wages. Our report shows inflation would have stayed within the RBA target band if corporations had not squeezed consumers through the pandemic via excess price hikes. The dramatic expansion of business profits has gone mostly ignored by the RBA and other macroeconomic policy-makers, who have focused instead on a supposed ‘wage-price’ spiral which does not exist. This suggests the focus of the RBA on wage restraint is misplaced and unfair, and that interest rates would be far lower today if companies had not gouged customers at the checkout. Dr Jim Stanford, Economist and Director of the Centre for Future Work, explains the research and dispels some misguided counter-arguments. Read the report: https://australiainstitute.org.au/pos... 📧 The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight(ish). theaus.in/newsletter ❤️ If you'd like to become a supporter and help us make more videos like this, visit: https://theaus.in/donateYT