Resources - Page 4 of 5 - Unrig Our Economy

May 31, 2022

Profiteering Up and Down the Supply Chain

According to a new report from Oxfam, billionaires in the food and energy industries have gotten richer by $1 billion every two days since the onset of the pandemic, thanks in part by exploiting pandemic conditions and raising prices on food and gas.

May 24, 2022

Corporations Are Turning Their Backs On Us

Last week, every single GOP House member voted against reining in price gouging by oil companies and almost 200 House Republicans voted against a bill to help solve the baby formula shortage. Let’s not forget the reason that shortage happened in the first place: corporate consolidation and monopoly power.

May 19, 2022

Smaller Portions, Higher Prices, Bigger Executive Salaries

Price hikes aren’t the only way that wealthy corporations are squeezing more money out of everyday consumers. Enter shrinkflation: when brands switch to smaller sizes of their products and hope that consumers won’t notice.

May 17, 2022

The Formula Shortage

Parents across the country are reeling as a result of an infant formula shortage. The shortage can be traced back to a February recall of contaminated formula manufactured by Abbott Nutrition, and the subsequent closure of Abbott’s Sturgis, MI plant. But this crisis is really a convergence of two dangerous trends: extreme market consolidation and corporate greed.

May 12, 2022

Higher Profits for Them → Higher Prices for Us

Yesterday morning, the Bureau of Labor Statistics released April’s Consumer Price Index (CPI) report, which showed that prices for everyday goods and services continue to rise.

May 10, 2022

Why Corporate Mother’s Day Messages Ring Hollow

Companies like Procter & Gamble are announcing price hikes on essential child care goods in the same breath that they’re “celebrating mothers” — all while posting record profits.

April 28, 2022

Big Companies Are Having Their Best Year Ever

Major corporations, like big oil and gas companies, have the resources to absorb the rising costs of doing business — but they’re opting for huge profits that squeeze consumers and funnel cash to shareholders instead.

April 26, 2022

Corporate Price Gouging is Responsible for Over Half of Pandemic Era Inflation

It’s been clear from the beginning that corporations are exploiting the pandemic to raise prices and pad their bottom lines. Now, a new analysis empirically shows just how much corporate profiteering is contributing to inflation.

April 21, 2022

Profits Shouldn’t Be Going Up

Corporations are raising prices beyond just the increased costs they’re experiencing and increasing their profits and gouging consumers.

April 19, 2022

FedEx is Delivering Record Profits by Jacking Up Prices

FedEx CEO Fred Smith had some choice words about how inflation would be so much worse if the Biden administration had passed the Build Back Better agenda (which we know would’ve actually lowered costs for families) in an interview with the Wall Street Journal last Friday.

April 14, 2022

Corporations Are Paying Politicians, Not Taxes

As millions of Americans hurry to file their taxes by Monday, there’s one group that isn’t feeling any pressure: price-gouging corporations. Many of the largest price-gouging companies are the same firms that pay little or nothing in federal taxes, thanks to a rigged tax code.

April 12, 2022

CPI Shows Americans Are Struggling While Corporate Profits Soar

This morning, the Bureau of Labor Statistics released its March Consumer Price Index (CPI) report, which showed bad news for consumers: inflation rose at an annual rate of 8.5%, the highest it’s been since 1981. Among the key reasons? Corporate greed.

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Cost of Greed