The chapter delves into the analysis of cost components leading to higher prices, focusing on labor costs, non-labor costs, debt payments, and profit margins. It examines the sharp rise in prices in the non-financial corporate sector since 2020 and the impact of the pandemic on economic trends and food industry profits. The discussion explores concepts like 'greedflation', corporate pricing strategies, and the moral implications of drastically increasing prices.
One of the things we rely on is for the companies who make the stuff we need to not stick it to us, the customer. But it’s become painfully clear that’s just what happened during the pandemic and that it’s still happening today. What can we do about it?
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