Corporations are booking record profits. Is it thanks to price gouging?
STACEY VANEK SMITH, BYLINE: Fact - inflation is up more than 7.5%. Fact - corporate profits have been at record highs this year. So it seems like the ever-higher prices we're all paying aren't just offsetting expenses for companies but might be beefing up bottom lines? Rakeen Mabud is chief economist for the progressive think tank Groundwork Collaborative.
RAKEEM MABUD: So while some of that price increase might have been justifiable, you know, a lot of it wasn't.
VANEK SMITH: Mabud says companies are padding prices.
MABUD: We know that there were sort of record profits over the last year and on the backs of families who are already struggling to get by.
https://www.npr.org/2022/11/15/1136935160/corporations-are-booking-record-profits-is-it-thanks-to-price-gouging
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