TheVoiceOfJoyce Is there inflation or is it man made Corporate Greed? Corporate greed is driving inflation and many are resorting to food pantries. We have a society of Corporate Power and welfare. Why? Shouldn’t the Middle Class have a safety net, too! Raise the minimum wage everywhere. A solid Democratic and Independent majority has a lot of Legislation to do! Vote them in and stop Corporate greed with an increase in their taxes to 28%. Reduce Fossil Fuel and Big Agra subsidies & support innovation!

Posted on by jaslvr

www.nytimes.com/2022/11/01/business/food-prices-profits.html

But amid growing concerns that the economy could be headed for a recession, some food companies and restaurants are continuing to raise prices even if their own inflation-driven costs have been covered. Critics say the moves are all about increasing profits, not covering expenses. Coca-Cola, PepsiCo and Chipotle did not respond to requests for comment.

“The recent earnings calls have only reinforced the familiar and unwelcome theme that corporations did not need to raise their prices so high on struggling families,” said Kyle Herrig, the president of Accountable.Us, an advocacy organization. “The calls tell us corporations have used inflation, the pandemic and supply chain challenges as an excuse to exaggerate their own costs and then nickel and dime consumers.”

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