No fuckin way. But they said it was the cost of goods and shipping!
this post was submitted on 19 Jan 2024
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I herd it was cuz damn people were forcing them to pay huge wages
That was last time, we had a wage-price spiral. Wages went high, which pushed prices up, which pushed wages up, etc
On this occasion it is a price-nothing spiral. Prices go up, wages stay static, prices go up, etc
That was the other half.
I like how every layman said that this is what was happening but in the moment you could find half a dozen 'economists' on national news networks explaining it as if it was all just normal and no one was benefiting from it. Economics is a fake science, it's not even worthy of the title social science. It's literally just learning how to justify rich peoples actions and nothing else.
find half a dozen ‘economists’ on national news networks
Oh, you mean that news that is owned by the very same oligarchs? Everyone should just collectively start ignoring national news. (Not trying to agitate you, dear potato, just...yeah, national news, their owners, and their 'economists' should be banned and charged with some crime for lying to the nation at every turn.)
Just like any other field of study, you can buy an expert pretty easily. It doesn't mean Economics is fake. It Means those guys got paid to say that by someone like the US Chamber of Commerce. (Which isn't a government agency, no matter how much they try to seem like one)
If you want to know how bad we're being fucked, search for the PPI, the producer price index. CPI, the one we always hear about, is the measure of inflation to us, the consumer. The PPI is the measure of inflation to producers, what they pay for goods and services to produce the goods and services we buy.
The PPI has been back to "normal" for a while now. Pretty much as soon as the post COVID logistics issues were mostly ironed out. The difference between PPI and CPI changes is pure profit.
We don't get daily articles on the PPI though, I wonder why.
Edit: tell people about PPI whenever you can, online or off, the more people know, the better. It's easy enough to say inflation is just down to greed but being able to back it up by comparing two simple charts will help people really understand.
For anyone curious, here are the BLS pages for PPI and CPI where you can see just how badly they're screwing us. Especially when you look at the long term graph showing that they're just barely above where they were a decade ago.
It is not accurately "pure profit," but this is a post that is so common sense and dead on that quibbling on that detail misses the point.
The question is: why would they reduce costs if they're being paid? People being mad about it doesn't affect their bottom line unless it actually affects their bottom line.
It's more profitable to keep up the misery and take the gain until forced to change then apologize and change. It's free money. Why would they charge less if they can make money charging more? There is no incentive for them to bring down their own profit margins just because people don't like it.
Hopefully the knowledge can affect their bottom line. Consumer sentiment affects spending habits. If people know they're being gouged instead of just feeling like it, maybe they'll curb their non-essential spending enough to put downward pressure on prices.
Maybe not, but it can't hurt.
Indeed, people are actively giving them the excuse. It's more important to paste your clever "I did this" sticker than it is to ask why oil companies have posted record profits the past couple years.
No fucken way
Water is wet
Only half? I'm surprised.
The other half is executive compensation.
Wonderful. What are we gonna do about it?
crickets
We're going to bomb the middle east that's what
Now they'll have another excuse to cover greedflation
The best part is that all those profits can pay off anyone who's in a position to stop you.
You don't fucking say?
It is telling that prices have gone up so much on manufactured products, but there has been nearly no change in price of meat from a butcher
Land usage prices haven't changed, raw materials haven't changed. It's just the companies.
yea it is an endless circle in Turkey too, people get %10 raise and then prices increase by %15 because salary costs increase. It has been like this since the last 5 years and basically the price of everything increased about 15-20 times (salaries 10-15 depending what you are doing).
Half? Good joke