Why are company profits soaring during a cost of living crisis?

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Senior business reporter Jonathan Barrett tells Jane Lee how major Australian businesses have made record profits, which are contributing to high inflation.

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It's almost as if the two are linked. Who would have thunk? Maybe this unbridled corporate greed is one of the major underlying causes of the said cost of living crisis?

Greed.

Some, not most. Be more accurate rather than pander.

Is it because wages are sticky?

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Qantas ripped us off during the pandemic by not honouring fares and now hold back the number of flights to increase fares.

Price gouging, profiteering, greed.

Greed!

Neoliberalism

Because someone is telling lies to the nation and we have politicians supporting and banking from that. As I said it before when is it enough for these people, where does there hunger n greed stop. Seems like democracy is bought these days on a daily basis.

Because companies have greedy CEOs like Joyce that only care about their own pocket

Because excessive profits are causing the cost of living crisis. Capitalism working without govt regulation, gotta love neoliberalism!

They are gouging the shit out of us and the ACCC is doing nothing. But but wage rises are causing inflation..... Well that has now proven to be a BIG FUCKING LIE.

Need a price regulation

Excellent question Explaining excessive profits & obscene CEO pay package over decades of wage suppression Outsourcing Offshoring maintenance Taxpayer bailout Answer will need to be great

Simples. They jacked up prices during Covid supply chain cost increases, but haven't accordingly reduced prices as the supply chain costs have decreased. Read their reports - they've admitted as much.

Because they care more about shareholders than customers

Because they’re ripping us off

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