Australia has seen a series of record corporate profits posted in the last few weeks.

They come as millions of average Australians are being squeezed. Mortgage repayments, rent, and the cost of almost everything is going up – but wages aren’t keeping up.

So, how are corporations posting record profits right now? What’s the impact of profits on the prices we’re paying? And why is it that the only answer to inflation is interest rate hikes?

Today, national correspondent for The Saturday Paper Mike Seccombe, on how corporate profits are driving the cost-of-living crisis.




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Guest: National correspondent for The Saturday Paper, Mike Seccombe.

Australia has seen a series of record corporate profits posted in the last few weeks.They come as millions of average Australians are being squeezed. Mortgage repayments, rent, and the cost of almost everything is going up – but wages aren’t keeping up.So, how are corporations posting record profits right now? What’s the impact of profits on the prices we’re paying? And why is it that the only answer to inflation is interest rate hikes?Today, national correspondent for The Saturday Paper Mike Seccombe, on how corporate profits are driving the cost-of-living crisis. Socials: Stay in touch with us on <a href="http://www.twitter.com/7ampodcast">Twitter</a> and <a href="http://www.instagram.com/7ampodcast">Instagram</a>Guest: National correspondent for The Saturday Paper, Mike Seccombe.

An independent daily news show. We feature the country’s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

An independent daily news show. We feature the country&rsquo;s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

A daily news show from the publisher of The Monthly and The Saturday Paper.

A daily news show from the publisher of The Monthly and The Saturday Paper. Hear from the country’s best reporters, covering the news as it affects Australia. This is news with narrative, every weekday.

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