The truth about inflation the corporate media won’t tell you

 

Inflation has hit a 40-year high. Everyday people are struggling to make ends meet, and they want answers. But the story they’re getting from the corporate media — and policymakers in Washington — simply doesn’t match the facts. The talking heads on cable news say the problem is that businesses are being forced to raise wages to attract workers, which in turn forces them to raise prices. In reality, real wages have barely budged. Meanwhile, corporate profits have skyrocketed to a 70-year high. All that extra money we’re paying at the gas station and grocery store? It’s not going to workers. It’s going into the pockets of a handful of monopolistic corporations with the power to raise prices without fear of competition — the same corporations that own and advertise on our major media outlets. Common Dreams doesn't get a dime of corporate advertising money. We’re a nonprofit and have no corporate bosses telling us how to spin the news. But in order to make our nonprofit model of journalism work, we rely on donations from readers. Without your support, we’d disappear tomorrow. That’s why we’re asking you to make a donation today, in order to help meet our critical Summer Campaign goal of $75,000 by September 1. Thank you,  Aaron Kaufman Director of Development for the whole Common Dreams team P.S. Not a monthly subscriber? It's one of the best ways to make sure Common Dreams remains strong. Become a sustaining donor today! Call 207.775.0488 to donate by phone or mail a check to: Common Dreams, PO Box 443, Portland, ME 04112, United States Common Dreams is a 501(c)(3) nonprofit. Your contribution is tax-deductible. EIN: 20-3368194