In EPI data, labor costs appear to be super low, while corporate profits and non-labor costs are a much bigger factors in price growth. Out of that growth in prices, one of the largest factors is corporate profits. This X post may not cite much data, but the EPI does.
Even if that’s true, still inflation. Companies are just in a position where they can raise their prices more then wages, meaning profits go up.
Whenever there is inflation, all economic agents will try to raise their prices more then inflation, and those who succeed will be left with a larger slice of cake.
I can understand disliking the way things work, but people really should understand the economy before they try to critique it
Companies don’t print the money that causes our currency to decrease in value. Don’t understand the line of reasoning that says inflation is caused by corporate greed.
GME, the only chance at financial freedom in our time. I just like the stock….
Yeah prices are raising because of corporate greed.. Not inflation.. No way
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We just take vague X tweets as fact now?
We’re no better than those we condemn…
In EPI data, labor costs appear to be super low, while corporate profits and non-labor costs are a much bigger factors in price growth. Out of that growth in prices, one of the largest factors is corporate profits. This X post may not cite much data, but the EPI does.
Even if that’s true, still inflation. Companies are just in a position where they can raise their prices more then wages, meaning profits go up.
Whenever there is inflation, all economic agents will try to raise their prices more then inflation, and those who succeed will be left with a larger slice of cake.
I can understand disliking the way things work, but people really should understand the economy before they try to critique it
Companies don’t print the money that causes our currency to decrease in value. Don’t understand the line of reasoning that says inflation is caused by corporate greed.
GME, the only chance at financial freedom in our time. I just like the stock….
Yeah prices are raising because of corporate greed.. Not inflation.. No way
Do people like OP work for the government?