Greedflation: corporate profiteering ‘significantly’ boosted global prices, study shows - eviltoast

Multinationals in particular hiked prices far above rise in costs to deliver an outsize impact on cost of living crisis, report concludes

  • InEnduringGrowStrong@sh.itjust.works@sh.itjust.works
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    11 months ago

    Real question is what the fuck am I supposed to do about it?
    Burning the place down hardly helps and our elected officials don’t give much of a shit, at least around here.
    I’m well paid, so it doesn’t matter too much for my family just yet, but there are people for whom this means food insecurity.
    I’m still pissed though, because I think people deserve to eat.

    One thing is… it’s expensive to save money.
    Buying in bulk isn’t as bad, but someone living paycheck to paycheck can’t afford that.
    I have a vacuum machine, the space to store things, freezers, etc.
    I can spend more money upfront to save on food in the long run, but not everyone can do this and it hits them even harder.

    • reversebananimals@lemmy.world
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      11 months ago

      You’re describing the poverty trap. Its very real. I’m wealthy now as well, but I remember a time when I took the subway 90 mins round trip to my job, and the fare cost almost an hour’s pay. So I’d put in 9.5 hours to work an 8 hour shift and my takehome pay was for 7 hours.

      • Vqhm@lemmy.world
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        11 months ago

        Yea, the grind is becoming impossible though. My old man worked a summer job and could afford university all year on that.

        After joining the military for the GI Bill, finishing that commitment, I worked in IT to keep us afloat while my wife went to university.

        I left at 5AM for work, worked as much OT as I could, after work instead of sitting in traffic or stuffing on the train like sardines I studied, did all my IT certs, and left work at 7pm. The weekends I worked a second job doing IT. All through university I worked IT on nights and weekends.

        The grind you have to do to reach “middle” class is becoming: come from money to afford college, or go into debt for life for uni, or work nonstop always.

        How can people take care of kids, family?

        • chitak166@lemmy.world
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          11 months ago

          Are you surviving off of peanut butter sandwiches? Or have you gotten DoorDash™ recently?

            • chitak166@lemmy.world
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              11 months ago

              He mentioned quantity of food, I mentioned quality.

              You don’t have to eat less if you’re eating food that is overpriced or using scam services like doordash. Just buy more-affordable food and cook your own meals.

              But some people think they’re “too good” for that and try to conflate needs with wants. I assume you’re one of them but won’t admit it.

          • pufferfischerpulver@feddit.de
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            11 months ago

            The country I live in at least pretends to respect worker right so no DoorDash. And if I wanted to eat cheap I wouldn’t go for peanut butter sandwiches. But rather like lentils, rice, beans, potatoes. Which, you know what? I do.