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Companies passing high costs to consumers at fastest rate since 1950s

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Companies are passing higher costs to shoppers at the fastest pace since the 1950s, study finds

from the Roosevelt Institute finds that the buck stops at US companies, and that firms are charging Americans the most they ever have.

Last year also touted the largest annual increase in markups since at least the 1950s, the period for which the duo ran their analysis. The uptick was more than 2.5 times larger than the next largest annual increases seen prior. "Markups being unusually and suddenly high means there is room for them to reverse with little economic harm and with likely societal benefit," Konczal and Lusiani said in the brief.

Additionally,"higher markups do not necessarily have to translate to higher profits" like they did last year, the authors wrote. They suggested an excess profit tax could be a solution for"distributing runaway economic gains" while"eroding" pressure on companies to boost markups.

 

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stuff is getting smaller and smaller. Even my fig newtons!

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