Corporate profits account for much larger portion of price increases over pandemic than in the past
Percentage breakdown of where price increases go. For example, during the pandemic, 54 percent of price increases went to corporate profits, while just 8 percent went to increased wages.
The graph shows that in the most recent period just 8 percent of rising prices have benefited workers via wages and the majority has gone to corporate profits. This is unlike the prior period of 1979 to 2019 when corporate profits represented a small share of rising prices.