Want to create an interactive transcript for this episode?
Podcast: Geopolitical Economy Report
Episode: How corporate profits are driving inflation, not workers' wages
Description: Rising corporate profits have caused 45% of inflation in Europe, compared to 40% for rising import prices and just 15% for wages, according to research by IMF economists.
VIDEO: https://youtube.com/watch?v=qdZbq1iw-ho
Sources and more information here: https://geopoliticaleconomy.com/2023/06/26/corporate-profits-inflation-europe-imf
US Federal Reserve says its goal is ‘to get wages down’: https://geopoliticaleconomy.com/2022/05/24/us-federal-reserve-wages-inflation