Inflation Lifting Corporate Profits, Eating Away Wage Gains

Inflation Lifting Corporate Profits, Eating Away Wage Gains
A customer wears a mask as she waits to get a receipt at a register in a Target store in Vernon Hills, Ill., Sunday, May 23, 2021. AP Photo/Nam Y. Huh
Andrew Moran
Updated:

With the U.S. annual inflation rate at a 30-year high, economists and market analysts are spotlighting the expanding financial divide between corporations and their employees.

In today’s inflationary environment, large companies are reporting greater profits and revenues. At the same time, Americans have witnessed all their wage gains from the past 12 to 15 months eliminated. For many workers, real wages are down in multiple sectors of the United States economy.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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