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Richard Denniss: Huge profits are driving inflation – not low-paid workers | The New Daily.

Australia has plenty of options for controlling inflation – if we want to look for them @RDNS_TAI Yes, so silly & damaging to rely on the blunt instrument. Richard Denniss: Huge profits are driving inflation – not low-paid workers | The New Daily.

Richard Denniss: Huge profits are driving inflation – not low-paid workers | The New Daily.

Cafe owners now play a key role in Australian capitalism. Unlike banks & airlines CEOs, cafe owners know our names & bring us breakfast & are easy for journos to interview about why wage growth kills jobs…self serving crap dressed up as economics #auspol.

Does anyone really think that if workers in the gas industry take a pay cut Chevron and Santos will drop the price of gas? And does anyone think that Qantas’s savage cost cutting has led to cheaper airfares?.

Richard Denniss: Huge profits are driving inflation – not low-paid workers #auspol.

Massive profits are driving inflation, not low-paid workers, writes Richard Denniss. #inflation.

We’re in a ‘price-profit spiral’... ... not a wage-price spiral Nice take ⁦@RDNS_TAI⁩.

Richard Denniss: Huge profits are driving inflation – not low-paid workers.

Richard Denniss The New Daily writes Massive profits are driving inflation not low paid workers.

“it’s policy and profits that have fuelled the inflation we have seen to date. Imagine if, instead of asking workers to tighten their belts, the RBA told Australian businesses to pull their heads in”? The RNA needs a revamp..

Richard Denniss: Huge profits are driving inflation – not low-paid workers | The New Daily.

Richard Denniss: Huge profits are driving inflation – not low-paid workers | The New Daily RBA Govenor worst ever..

Leaving aside the fact that those living on $320 per week in unemployment are doing it a lot tougher than the average cafe owner, the feelings of cafe owners is no counterargument to what the data on profits is telling us. #auspol @abcnews take note..

share of gross domestic product (GDP) going to profits is at record been a better time to be a capitalist in Australia, but it is workers who are being asked to tighten their belts #auspol #SackTheRBA.

Richard Denniss: Huge profits are driving inflation – not low-paid workers | The New Daily.

Cutting the wages of ordinary workers and lifting the interest rates paid by those with mortgages are the laziest and least equitable ways to lower inflation imaginable. #auspol.

This is a fantastic article! It’s considered impolite to point out that profits are surging in Australia, and anyone who does so will be reminded how tough cafes and small businesses are doing it at the moment. #auspol @abcnews take note!.

Richard Denniss: Huge profits are driving inflation – not low-paid workers | The New Daily.

Richard Denniss: Huge profits are driving inflation – not low-paid workers | The New Daily.

“And, of course, the Morrison government’s decision to jack up the price of university degrees was another major driver of last year’s inflation. Again, it’s policy and profits that have fuelled the inflation we have seen to date.” #auspol #inflation.

It`s time for a new head of the RBA , Lowe passed his use by date on 21/5/2022👇👇#auspol Richard Denniss: Huge profits are driving inflation – not low-paid workers | The New Daily.

Australia’s richest are getting richer still. At what point do they pitch in to keep inflation down and ensure regular people can afford basics? Why do we take all the pain while profits keep going up?.

The evidence is there. Huge profits are driving inflation – not low-paid workers..

Richard Denniss: Huge profits are driving inflation – not low-paid workers | The New Daily.

‘Imagine if, instead of asking workers to tighten their belts, the RBA told Australian businesses to pull their heads in.’ #inflation #auspol Richard Denniss: Huge profits are driving inflation – not low-paid workers.

⁦”The rhetoric of a ‘wage-price spiral’ is hardwired into Australia’s debates about inflation, but the reality is we are currently in a price-profit spiral. It has never been a better time to be a capitalist in Australia” #auspol.

Richard Denniss: Huge profits are driving inflation – not low-paid workers | The New Daily #auspol.

The hypocrisy in this debate is stunning #inflation In a tight Labor market suspend fair wage growth to protect the economy. Profits? Full speed ahead Captain Capitalism ! #auspol.

Richard Denniss: Huge profits are driving inflation – not low-paid workers | The New Daily.

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