Elizabeth Warren

@SenWarren ↗

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Last Checked July 13, 2022

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Wed May 25 20:23:55 +0000 2022

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Elizabeth Warren @SenWarren

Meaning? Concentration results in market power—& corporations use it to jack up prices & profiteer during inflationary times. @BostonFed puts it: “the pass-through of cost shocks into prices..becomes..greater when there's an increase in concentration.” — PolitiTweet.org

Posted May 25, 2022

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Elizabeth Warren @SenWarren

First, they found clear evidence that the economy has become more concentrated: “Industry concentration has increased significantly in the United States in the past 20 years, and this trend has accelerated since the onset of the COVID-19 pandemic.” — PolitiTweet.org

Posted May 25, 2022

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Elizabeth Warren @SenWarren

And here’s what the @BostonFed concluded: “the recent rise in concentration is an amplifying factor for the pass-through of current cost shocks emanating from supply shortages, energy price shocks, and labor market tightness." — PolitiTweet.org

Posted May 25, 2022