Australia think tank has no problem at all linking corporate profits to inflation
Rising profits levels among the Australian corporate sector have been identified as one of the key causes for increasing inflation levels across the country, a new report has shown.
Research from The Australia Institute has revealed increasing profit levels among companies, and not increased wages for workers, have been contributing to rising inflation rates.
It comes as Treasurer Jim Chalmers warned families would have to endure tough economic times in the next couple of months as inflation continues to rise, adding to the rising cost of living.
The report found wages made no contribution to inflation in Australia during the 2019/20 or 2020/21 financial years.
https://www.edenmagnet.com.au/story/7823189/rising-profits-behind-inflation-report/
Need to take a page from them I say.
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