CEO pay, including stock awards and options, is up 1,460% since 1978, an Economic Policy analysis found. This increase was not matched by increased pay for typical workers, as the chart below shows.
The euro area is facing rising prices, with energy prices being the main drivers of inflation. Having decided to cut energy ties with Russia, the EU is doing its best to keep energy prices growing.
Why has the U.S. manufacturing base become so hollowed out? One key yet little understood aspect of the story: the pernicious role played by so-called post-industrialism.
Windfall profit taxes are already on the way in Germany, 90% of all profits taxed away to the state. Energy production, when that bill passes, will be nationalized in Germany. The end of rational energy pricing will be gone.