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The truth behind inflation: In earnings calls, CEOs boast about raising prices & posting record profits

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On this edition of Your Call, we'll discuss the truth behind inflation. The Groundwork Collaboration team has combed through hundreds of earnings calls with CEOs of major corporations and heard them bragging about raising prices and bringing in record profits. The last time corporate profits were this high was in 1950. At their peak in the 1990s, corporate profit margins were roughly half of what they are today. What will it take to address corporate greed, the real issue behind inflation?

Guest:

Rakeen Mabud, chief economist and managing director of policy and research for the Groundwork Collaborative

Web Resources:

The American Prospect: How We Broke the Supply Chain

The Nation: The Dirty Secret of Inflation: Corporations Are Jacking Up Prices and Profits

Fortune: Bernie Sanders rips McDonald’s, Starbucks, and Amazon for ‘corporate greed’ as they post huge profits and price hikes

CNBC: Tyson Foods’ higher meat prices nearly doubles profits

Rose Aguilar has been the host of Your Call since 2006. She became a regular media roundtable guest in 2001. In 2019, the San Francisco Press Club named Your Call the best public affairs program. In 2017, The Nation named it the most valuable local radio show.