Judd Legum

@JuddLegum ↗

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Last Checked Aug. 29, 2022

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Wed Nov 10 13:54:53 +0000 2021

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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

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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

5. But in its last quarterly earnings report, P&G reported $5 billion in profits on margins of 24.7%. The profit margin INCREASED by about 5% since it was jacked up prices. @ProcterGamble also spent about $3 billion buying its own stock https://t.co/md7itT4Z8C — PolitiTweet.org

Posted Nov. 10, 2021 Hibernated