'It's obvious that corporations are trying to pass on any form of short-term pain they might be feeling... and that's serving the top,' said KristaKBrown of econliberties.
"That gray, nebulous area is fertile ground for companies right now, and you hear about it in their earnings calls," Owens toldOxford University economist Martin Schmalzs said that the newspaper's analysis reveals a massive"transfer of wealth" from the working class, which is paying higher prices as consumers, to the investor class reaping the financial benefits.
Recent survey data indicates that Americans are aware that companies are unnecessarily shifting increased costs onto customers. A Data for Progress released in February found that a majority of U.S. voters believe that"large corporations are taking advantage of the pandemic to raise prices unfairly on consumers and increase profits."The Guardian
."They could have one or two years that are more painful—not even more painful, just less profitable for their investors, and they're choosing not to." The newspaper reported, however, that"when Target and Walmart declined to pass all inflationary costs on to customers ahead of the holiday season, an investor revoltOwens said that"shareholders are not interested in seeing anyone be cautious with price increases, and in some cases they're saying 'let's throttle supply, let's see how far we can take this.'"
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