Michael Hiltzik: The big contributors to inflation you're not hearing about: profiteering corporations

Here's an inflation remedy you're not hearing much about: Reduce corporate profits.

If that sounds like a drastic, even radical idea, the reason may be that economic commentators and news pundits have been fixated on the role of higher wages in driving inflation higher.

As I reported recently, an argument is even being aired that the solution to inflation is to drive the unemployment rate higher.

What's curious about that idea is that economic statistics make clear that corporate profits have played a much larger role in fueling inflation than wage increases or the currently low unemployment rate.

Wages have crept higher over the last year, but the increases have trailed inflation, which is why so many