ℍ𝕚𝕘𝕙 𝕡𝕣𝕠𝕗𝕚𝕥𝕤 𝕣𝕖𝕤𝕡𝕠𝕟𝕤𝕚𝕓𝕝𝕖 𝕗𝕠𝕣 𝕠𝕧𝕖𝕣 𝕙𝕒𝕝𝕗 𝕠𝕗 𝕕𝕠𝕞𝕖𝕤𝕥𝕚𝕔 𝕚𝕟𝕗𝕝𝕒𝕥𝕚𝕠𝕟 : "𝔾𝕣𝕖𝕖𝕕-𝕗𝕝𝕒𝕥𝕚𝕠𝕟"

ℕ𝕖𝕨 𝕣𝕖𝕤𝕖𝕒𝕣𝕔𝕙 𝕙𝕒𝕤 𝕗𝕠𝕦𝕟𝕕 𝕣𝕚𝕤𝕚𝕟𝕘 𝕡𝕣𝕠𝕗𝕚𝕥𝕤 𝕙𝕒𝕧𝕖 𝕔𝕠𝕟𝕥𝕣𝕚𝕓𝕦𝕥𝕖𝕕 𝕥𝕠 𝕠𝕧𝕖𝕣 𝕙𝕒𝕝𝕗 𝕠𝕗 𝕕𝕠𝕞𝕖𝕤𝕥𝕚𝕔 𝕚𝕟𝕗𝕝𝕒𝕥𝕚𝕠𝕟 𝕚𝕟 ℕ𝕖𝕨 ℤ𝕖𝕒𝕝𝕒𝕟𝕕 𝕕𝕦𝕣𝕚𝕟𝕘 𝕥𝕙𝕖 𝕔𝕠𝕤𝕥 𝕠𝕗 𝕝𝕚𝕧𝕚𝕟𝕘 𝕔𝕣𝕚𝕤𝕚𝕤, 𝕒𝕔𝕔𝕠𝕣𝕕𝕚𝕟𝕘 𝕥𝕠 𝕒 𝕟𝕖𝕨 𝕣𝕖𝕡𝕠𝕣𝕥 𝕓𝕪 𝔽𝕀ℝ𝕊𝕋 𝕌𝕟𝕚𝕠𝕟, 𝕥𝕙𝕖 ℂ𝕠𝕦𝕟𝕔𝕚𝕝 𝕠𝕗 𝕋𝕣𝕒𝕕𝕖 𝕌𝕟𝕚𝕠𝕟𝕤 𝕒𝕟𝕕 𝕝𝕠𝕓𝕓𝕪 𝕘𝕣𝕠𝕦𝕡 𝔸𝕔𝕥𝕚𝕠𝕟 𝕊𝕥𝕒𝕥𝕚𝕠𝕟.

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t argues that contrary to the public narrative, rising wages are only responsible for less than a third of domestic inflation, over the 18 months to December last year.

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The report says corporations seized the opportunity to increase their profit margins off the back of major struggles; most notably the Covid-19 pandemic, and severe weather events like Cyclone Gabrielle.

Kathryn speaks with Edward Miller, a researcher and policy analyst at FIRST Union.

RELATED:

Greed-flation: Is it inflation, or are businesses just greedy

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In an earlier report published last year, he calculated that corporate profits spiked by 39 per cent in the year to March 2022, which he described as "the biggest increase ever seen".

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