Chapter
Addressing Price Gouging by Companies
04:37 - 12:04 (07:26)
The speaker discusses the issue of price gouging and how companies use inflation as an excuse for increasing prices. They also talk about laws against price gouging and other tools that can be used to prevent it.
Clips
Inflation is affecting people's bottom line by hundreds of dollars a week or month with prices of essential goods skyrocketing by 7% to 10%, while wages barely move up.
04:37 - 06:58 (02:20)
Summary
Inflation is affecting people's bottom line by hundreds of dollars a week or month with prices of essential goods skyrocketing by 7% to 10%, while wages barely move up. The impact is more significant for the working class while the upper class remains unaffected.
ChapterAddressing Price Gouging by Companies
EpisodeJon Talks Racial Injustice & Inflation
PodcastThe Problem With Jon Stewart
Lindsay Owens, a former congressional fellow and teacher at Georgetown University, joins the podcast to discuss the real cost of living amidst inflation and the limitations of controlling it.
06:58 - 08:39 (01:40)
Summary
Lindsay Owens, a former congressional fellow and teacher at Georgetown University, joins the podcast to discuss the real cost of living amidst inflation and the limitations of controlling it.
ChapterAddressing Price Gouging by Companies
EpisodeJon Talks Racial Injustice & Inflation
PodcastThe Problem With Jon Stewart
Companies ultimately set the prices for goods and services they sell, which can result in increased profits due to upticks in demand.
08:39 - 09:42 (01:03)
Summary
Companies ultimately set the prices for goods and services they sell, which can result in increased profits due to upticks in demand. However, when profit margins increase along with prices, it may be indicative of firms tacking on extra costs beyond what it takes to produce the goods or services.
ChapterAddressing Price Gouging by Companies
EpisodeJon Talks Racial Injustice & Inflation
PodcastThe Problem With Jon Stewart
Laws against price gouging exist in most states for emergencies, but additional measures such as taxation and regulation can be implemented for profiteering and collusion among major companies.
09:42 - 12:04 (02:21)
Summary
Laws against price gouging exist in most states for emergencies, but additional measures such as taxation and regulation can be implemented for profiteering and collusion among major companies.