WSJ's Take On the Week
Are Inflated Prices Due to Corporate Greed? This Report May Tell Us
Mar 24, 2024
This podcast delves into the impact of corporate greed on inflation, analyzing data from the U.S. Bureau of Economic Analysis. They also discuss the state of the labor market post-Covid and Buzzfeed's earnings report after embracing AI technology last year.
23:05
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Quick takeaways
- Corporate greed may not solely drive inflation, with factors like calculation differences also playing a role.
- Post-COVID recovery in the labor market reveals lower unemployment claims but concerns over part-time job growth and its impact on specific demographics.
Deep dives
Corporate Profits and Inflation Debate
A debate has arisen surrounding the causes of inflation in the US, with some attributing it to corporate greed. The gap between the Consumer Price Index (tracking consumer prices) and the Producer Price Index (tracking business input costs) has led to speculations that corporations may be driving inflation through price hikes. However, experts like Deepak Puri argue that factors like calculation differences and inflation hedging play a role. Despite weakening revenue growth, corporations have maintained profitability and high profit margins, prompting further analysis into corporate profit reports.
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