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IMF reports inflation driven by corporate profits (www.imf.org)

submitted 2 years ago by wet_lettuce to c/news

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[–] maynarkh@feddit.nl 5 points 2 years ago (1 children)

That graph is interesting. Wonder what exactly caused the sudden labor cost increase in 2020. I can imagine it either being the "great resignation" or some other pandemic effect, but it would be great if someone with more insight could say something.

[–] leetnewb 12 points 2 years ago

Long period of underemployment and gradual employment gains following the credit fueled recession in 2009, is possibly one factor. In other words, the slack finally came out.