Public Education Campaign Exposes Corporate Price Gouging
Ads educate Minnesotans on how corporate greed is behind increasing prices
April 5, 2022
MINNESOTA - Today, Alliance for a Better Minnesota Education Fund launched a campaign to educate Minnesotans about the impacts of corporate price gouging.
The campaign includes a slate of informational billboards, radio ads, and digital ads that expose corporations for artificially inflating prices at the expense of Minnesotans.
“While working families are paying more for goods and services, corporations are enjoying record-breaking profit margins and are still raising their prices,” said Marissa Luna, executive director of Alliance for a Better Minnesota Education Fund. “Using inflation as an excuse, corporations like JBS, Amazon, and Xcel Energy are choosing to raise prices to increase their profit margins. This is a big reason why Minnesota families and small businesses are seeing the costs of goods and services go up. And it’s hampering efforts to rebuild our economy. Minnesota families who are bearing the brunt of corporate price hikes have a right to be informed about the truth behind rising costs.”
Their efforts highlight meatpacking corporation JBS, which recently agreed to settle for $52.5 million after plotting to limit supply in the U.S. beef market to inflate prices and boost their profits.
The campaign also highlights mega-corporations like Amazon and Xcel Energy that are raising prices on Minnesotans despite record profit margins.
Amazon announced $33.36 billion in profits in 2021, yet still raised prices on products like their Amazon Prime membership.
Xcel Energy announced $1.6 billion in profits in 2021, has paid no federal income taxes in over 14 years, but has continued to increase utility rates for Minnesotans.
To learn more about these stories, visit CorporateGreedInMN.com.