The actual value of groceries seems quite relevant…
Comment on What is an average person living in the US supposed to do about corporations raising prices?
bernieecclestoned@sh.itjust.works 5 months ago
Inflation means money is worth less than before. Record profits are only records because the nominal value is higher, but the real value isn’t.
Companies operate on gross margin, so 30% margin is always 30% of the total price. The actual value is irrelevant.
OpenStars@discuss.online 5 months ago
bernieecclestoned@sh.itjust.works 5 months ago
Of course, if you’re not getting an actual pay rise. Then you strike until you get a better deal or start making money without exchanging it for units of time.
metaStatic@kbin.social 5 months ago
The value is the same. Join a union.
Ranvier@sopuli.xyz 5 months ago
You’re not wrong that it’s the profit margin that tells the story, and you can’t tell just from the nominal amount alone.
But average profit margins in the United States have reached a record high percentile not seen since the 1950’s. So it’s not just the dollar amount that’s gone up for corporations, it’s the margin percent that’s gone up too.