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Companies are pocketing their fattest profits in more than 70 years, even as they complain about inflation

1 month ago   |   By

A sign showing gas prices at a station in San Diego, California, on November 9, 2021. Mike Blake/Reuters
Inflation is higher than it's been in 30 years, but corporate profits are soaring the most since 1950.
Companies aren't just raising prices enough to cover costs, they're padding their margins on top.
The ability to charge more is making some employers more comfortable with paying higher wages.
For the last several months, corporate executives have been loudly lamenting the rising cost of doing business due to supply-chain disruptions and labor shortages. Indeed, inflation at levels not...
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Higher Gas Prices Are Putting The Squeeze On Gig Drivers

Higher Gas Prices Are Putting The Squeeze On Gig Drivers

1 month ago   |   By

With gas prices up 59% over the past 12 months, Uber and Lyft drivers are being forced to work longer hours to make the same money. That or they're forced to quit. All that and more in The Morning Shift for December 2, 2021.
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