“It’s one thing for corporations to pass reasonable increased costs to consumers,” said one analyst. “It’s another for them to line their coffers by exploiting Americans who are just trying to get by.”
By Julia Conley. Published 1-18-2024 by Common Dreams
Inflation has eased over the last two years, and with supply chains no longer struggling to keep up with demand and companies’ business costs stabilizing, an analysis out Thursday asks: Why haven’t American households seen the benefits of a more secure economy, with the prices of consumer goods and services falling?
The answer, said economic justice think tank Groundwork Collaborative, is that high prices linked to the coronavirus pandemic were never just the result of higher labor and production costs—but were partially caused by corporations’ deliberate price gouging.
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