Judd Legum

@JuddLegum ↗

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Last Checked Aug. 29, 2022

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Wed Nov 10 13:52:43 +0000 2021

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Judd Legum @JuddLegum

3. In other words, corporations are not being *forced* to raise prices to stay afloat. They are choosing to raise prices to maintain large profit margins because they have enough market power to do so without losing customers https://t.co/md7itT4Z8C — PolitiTweet.org

Posted Nov. 10, 2021 Hibernated

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Judd Legum @JuddLegum

2. In a competitive economy, profit margins should approach zero (as long as there are reasonable substitutes) In the US, corporate profits as a share of the American economy have risen dramatically over the last two decades, from 5% of GDP to nearly 12% https://t.co/md7itT4Z8C https://t.co/RFbzJVhegQ — PolitiTweet.org

Posted Nov. 10, 2021 Hibernated

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Judd Legum @JuddLegum

4. Let's take @ProcterGamble as an example. It produces a large range of consumer goods, including diapers. In April, it announced that it would be implementing price increases in the mid to high single digits to offset "rising costs for raw materials" https://t.co/md7itT4Z8C — PolitiTweet.org

Posted Nov. 10, 2021 Hibernated