Greedflation, if it ever existed, is correcting itself

Steve Kamin constructs a “wage gap” to assess inflationary pressures in the US

Kamala Harris speaks at a campaign rally
Kamala Harris
Gage Skidmore

In a speech on August 16, US Democratic presidential candidate Kamala Harris called for a federal ban on “price gouging” on groceries. This follows on from President Joe Biden’s proposal for a cap on corporate rent increases, and a longer-standing spate of arguments blaming the inflationary surge of the past few years on rising profit margins and corporate greed. 

Although it is highly doubtful that the pandemic suddenly triggered an upswelling of corporate greed, it is true that in the

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