This is a news story, published by The New Republic, that relates primarily to Julian Zelizer news.
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inflationThe New Republic
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71% Informative
Julian Zelizer : Average American household has paid $ 12,000 in higher prices to pump up quarterly corporate profit margins.
He says in the last four years , corporations have gouged their way to an almost unbelievable $1.5 trillion in excess profits since 2020 .
Zelizer says corporate embrace of price gouging is a new and troubling development in American capitalism.
Consumer prices have skyrocketed 3.4 times over producer costs over the past year .
From 2020 to 2023, corporate profits spiked to an average 11.2 percent of annual GDP.
That money was picked directly from the pockets of American families, who each paid $ 12,000 more to plump the profit margins of corporations.
VR Score
72
Informative language
70
Neutral language
23
Article tone
informal
Language
English
Language complexity
47
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
detected
Time-value
short-lived
External references
5
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