How corporate profits are making inflation worse
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Introduction
Australia has seen a series of record corporate profits posted in the last few weeks. But they come as millions of average Australians are being squeezed. Mortgage repayments, rent and the cost of almost everything is up while wages are not keeping up. Why is it that the only answer to inflation is rate hikes? Today, National Correspondent for the Saturday Paper, Mike Second, on how corporate profits are driving the cost of living crisis.
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Transcript
