Watch Rep. Katie Porter break down corporate greed and companies’ influence on #inflation. #news
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00:00Let's break down for people what this means. If it costs $10 to make the item, the product,
00:04and you sell it for $12, you have a $2 markup, right?
00:07Correct, a 20% markup.
00:09So this is showing that markups have gone up beginning about 40 years ago.
00:14But what is this top gun kind of trajectory that's basically vertical here? What is this?
00:20That is the level of markups in aggregate across the publicly traded companies starting in 2020,
00:25particularly in 2021, the highest one-year increase on record.
00:30So this is after they pay their expenses, after they deal with supply chain,
00:34after they pay their labor, this is what the corporation
00:38is adding to the cost of the product in order to pad its bottom line.
00:42Absolutely.