‘Their Inflation Strategy Is Working’: Corporate Profits Soared to Record High in 2021 / by Jake Johnson

Outgoing Starbucks CEO Kevin Johnson was pictured at an annual shareholder meeting in Seattle on March 20, 2019. (Photo: Jason Redmond/AFP via Getty Images) Federal data released Wednesday shows that U.S. corporate profits jumped 25% to record highs in 2021 even as the coronavirus pandemic wreaked havoc on the nation’s economy, disrupting supply chains, hammering low-wage workers, andContinue reading “‘Their Inflation Strategy Is Working’: Corporate Profits Soared to Record High in 2021 / by Jake Johnson”