Comments by "Jacob Watson" (@jacobwatson3781) on "JPMorgan CEO Jamie Dimon on the Fed: We lost control of inflation" video.

Interesting, they never ever talk about 54% of inflation being caused from corporate profits.
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@xkfmfmzmflel9917 Why are grocery prices through the roof? Because just four companies control 85% of meat and poultry processing. Just one corporation sets the price for most of the nation’s seed corn. And two giant firms dominate consumer staples. All are raising prices and increasing profits because they can. Big pharma, comprising five giants, is causing drug prices to soar. The airline industry has gone from 12 carriers in 1980 to just four today, all rapidly raising ticket prices. Wall Street has consolidated into five giant banks, raking in record profits on the spreads between the interest they pay on deposits and what they charge on loans. Broadband is dominated by three giant cable companies, all raising their prices.
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@xkfmfmzmflel9917 No its not falae, you simply do not know the facts. Wage increases have not even kept up with inflation. Most workers’ paychecks are shrinking in terms of real purchasing power. Rather than causing inflation, wages are actually reducing inflationary pressures. The underlying economic problem is profit-price inflation. It’s caused by corporations raising their prices above their increasing costs. Corporations are using those increasing costs – of materials, components and labor – as excuses to increase their prices even higher, resulting in bigger profits. This is why corporate profits are close to levels not seen in over half a century. Corporations have the power to raise prices without losing customers because they face so little competition. Since the 1980s, two-thirds of all American industries have become more concentrated.
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@xkfmfmzmflel9917 No, you're not reading. And you're only trying to fit a narrative. The reason why 54% of inflation is due to corporate profits is so few compaines actually are in the marketplace. These companies can keep prices high because they simply can becuase of low competition. The data is there to support that view.
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@xkfmfmzmflel9917 You're in a pretzel, here a bit. Take a breath, I have stated how corporate profits have added to inflation but you're saying that proves profits do not add to inflation. Also, automobile companies have well know markups, they did that even more during pandemic.
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@solweinberg4339 That doesn't appear to be correct based on congressional testimonials.
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@xkfmfmzmflel9917 Yes I denied your points with data and facts. Isn't that what I should do?
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@kellyv.288 where is my freedom going? Only freedom lost in my lifetime is women's right to control their bodies.
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@xkfmfmzmflel9917 listen, you don't agree and have your own opinion. That's fine, you're just wrong that's all.
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@xkfmfmzmflel9917 You keep smuggling in your opinion and only want to speak to your opinion. I laid out how multiple markets are controlled by just a few compaines and those compaines can price whatever they want since there isn't enough competition. That isn't debatable.
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@xkfmfmzmflel I get it. You do not think corporate profits do not and can not factor into inflation. The facts prove you wrong, and you have a different view. There's nothing wrong with that.
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@xkfmfmzmflel in 2020 and 2021, your opinions were correct. Not now, now 54% of inflation is caused by corporate profits.
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@kurdi98k Facts don't care about your feelings.
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