The Truth About Corporate Greed
Ready to take a stand against the relentless rise of prices fueled by corporate greed? Join the movement! Learn about the greedflation epidemic and just how much corporate greed impacts all our lives, and our future.
How much have food prices gone up since 2020?
As of January 2024, grocery store prices have gone up 25% since 2020, outpacing the general inflation rate of 19%. Cereal prices have skyrocketed higher, rising 28% in just four years.
How much have corporate profits increased?
According to one author’s analysis, corporate profits averaged 30% higher at the end of 2022 than at the end of 2019.
How much has corporate greed contributed to inflation?
Experts haven’t settled on a final number, but a recent report from Groundwork Collaborative suggests corporate profits drove 53% of inflation during just two quarters of 2023. Their report estimates that corporate greed has driven 34% of inflation since the start of the COVID-19 pandemic.
How many Americans say they are struggling to pay their bills?
As of February 2024, a whopping 36% of Americans are struggling to afford their typical household expenses. While alarming, this is actually a decrease from the 41% of Americans who said the same thing in October.
How much has food insecurity increased since 2020?
In 2019, 10.5 percent of households were food insecure at some point in the year. In 2020, this number rose to 12.8 percent, even higher than 2020’s numbers. That year, some 49 million people used food assistance resources for extra help.
How much does the CEO of Kellogg make each year?
Kellogg CEO Gary Pilnick has a $1 million base salary and the opportunity to earn more than $4 million in incentives, putting his annual compensation at over $5 million dollars.
How valuable is Kellogg’s compared to other food brands?
Kellogg’s is one of the most valuable food brands in the world, currently coming in seventh behind brands like Danone, Yili, and Nestlé. Its worth is estimated at almost 7 billion dollars. Anyone else wondering how much of that came from bilking the American people?
How is Kellogg’s relationship with unions?
Not great, if you consider that workers had to go on an almost three-month strike in late 2021 in order to get a fair contract out of Kellogg Co.
What is Kellogg’s environmental reputation?
Turns out, the cereal industry generates a massive amount of waste! Not only do corporate grain farming and cereal production use high quantities of water, but they both also introduce harmful substances into the environment.
Kellogg Co. has also been fined for violations of the Clean Air Act.
Has Kellogg been tied to prison labor?
Yes. According to a report by the Associated Press, agricultural products used to make Frosted Flakes have ties to prison labor, the only type of slavery or indentured servitude not abolished under the Thirteenth Amendment of the U.S. Constitution.
How many prisoners are forced to work in the United States?
An ACLU report found that two-thirds of people in prison are forced to work. What’s more, 76% of incarcerated workers say they face additional consequences like solitary confinement or loss of family visits if they do not work. These workers are not included under workplace protections, leaving them without everything from workplace safety regulations to a fair wage.
Take the Next Step to Stop Corporate Greed
Want to do more to spread the word? Talk to your friends and family, post on social media (the more channels the merrier), and don’t forget to “Just Say No” to Kellogg Co. starting on April 1, 2024. Take action and be a part of the movement to stop the corporate greed controlling our lives!