host: konczal mike konczal is the -- mike konczal is the director of economic policy at roseville institutend then michael strain's with the american enterprise institute. jerry, virginia. on the independent line. caller: i wanted to know isn't like half the inflation that we are experiencing caused by corporations raising prices over the unit production and the costs of shipping them and all of that stuff? i saw a video and i think it was on c-span or youtube where there was a committee hearing and some guy had a study done to -- and found that 53% of inflation is caused by corporations using disaster capitalism to raise the price of their goods? host: let us start with you and point out that the roosevelt institute had a paper published the -- of the causes and responses of today's inflation? guest: the person that katie porter was talking to and i've had neighbors talk about it so i feel like it is resonating. it is absolutely the case that a lot of inflation is reflected in corporate profit balance sheet. that is not a causal statement. but when you look at where a lot of elation and za

host: konczal mike konczal is the -- mike konczal is the director of economic policy at roseville institutemichael strain's with the american enterprise institute. jerry, virginia. on the independent line. caller: i wanted to know isn't like half the inflation that we are experiencing caused by corporations raising prices over the unit production and the costs of shipping them and all of that stuff? i saw a video and i think it was on c-span or youtube where there was a committee hearing and some guy had a study done to -- and found that 53% of inflation is caused by corporations using disaster capitalism to raise the price of their goods? host: let us start with you and point out that the roosevelt institute had a paper published the -- of the causes and responses of today's inflation? guest: the person that katie porter was talking to and i've had neighbors talk about it so i feel like it is resonating. it is absolutely the case that a lot of inflation is reflected in corporate profit balance sheet. that is not a causal statement. but when you look at where a lot of elation and zap it is

mike --dccpa mike konczal, director of macroeconomic analysis at the roosevelt institute. our third witness is miss rakeen mabud, finally the minority witness is dr. tyler goodspeed. the witnesses appearing remotely will be unmuted so we can swear everyone in. i will now swear in the witnesses. please raise your right hands. do you swear or affirm the testimony or affirm the testimony about to give is the truth, the whole truth, the nothing but the truth so help you god? >> i do. >> let the records show the witnesses answered in the affirmative, thank you. without objection each of your written statement we made part of the record. with that, you are now recognized to provide your testimony. >> chairman, ranking member, distinguished members of the committee thank you for inviting me to testify. my name is mike konczal, director of macroeconomic analysis at the roosevelt institute and the economic think tank. this has been a remarkable recovery for workers, unemployment 1.2% lower and labor force participation a third of a percent higher than the cbo project without the am

mike konczal, director of macroeconomic analysis at the roosevelt institute. our second witness is the honorable robert b. reich, former secretary of labor and current carmelo friesen professor of public policy at the goldman school of public policy at uc berkeley. our third witness is miss rakeen mabud, the ex, steve economist of managing network and policy at managing collaborative, and finally, the minority witness is doctor tyler goodspeed, client hinds fellow at the cuban situation. the witnesses appearing remotely will be unmuted so we can swear everyone in. i will now swear in the witnesses. please raise your right hands. do you swear or affirm that the testimony you are about to give is the truth, the whole truth, and nothing but the truth, so help you god? >> i do. >> let the record show that the witnesses answered in the affirmative. thank you. without objection, each of your written statements will be made part of the record. with that, mr. consul, you are now recognized to provide your testimony. >> chairman, ranking member clout, distinguished of