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Inflation, wages, and profits
Inflation continues to run hot—and now, finally, the debate about inflation is heating up.
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Where has all the surplus gone?
Thanks to the release of the so-called Paradise Papers, and the additional research conducted by Gabriel Zucman, Thomas Tørsløv, and Ludvig Wier, we know that a large share of the surplus captured by corporations is artificially shifted to tax havens all over the world.
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Promises, promises
They keep promising, ever since the recovery from the Great Recession started more than eight years ago, that workers’ wages will finally begin to increase. But they’re not.