let's spell it together, kids, w-a-g-e t-h-e-f-t - eviltoast
  • LibreHans@lemmy.world
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    3 months ago

    Record profit numbers because of inflation, inadequate wage increases because of under reported inflation due to consumer price index fuckery. If we could only fix the money.

    • poVoq@slrpnk.net
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      3 months ago

      Erm, you got cause and effect wrong. The record profits are a result of price gouging, and that in turn caused most of the recent inflation. These companies simply saw an opportunity to stealthy raise prices because of some market conditions after the pandemic and have people blame it on general inflation and not the greed of these companies.

      • LibreHans@lemmy.world
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        3 months ago

        Erm, so you believe the narrative told by economists, big bankers and politicians, that general inflation is low. Profits always go up in absolute numbers, price gouging or not, because our money loses its value fast.