Half of recent US inflation due to high corporate profits, report finds

Comments

• Showroom7561@lemmy.ca ⁨9⁩ ⁨months⁩ ago

  Many progressive economists pointed to corporate profits – or “greedflation” – and supply chain issues as a driver of high prices

  Theft. It’s called theft.

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  • Coasting0942@reddthat.com ⁨9⁩ ⁨months⁩ ago

    Smokes cigar: Akshually it’s a reasonable rate of return, but I wouldn’t expect you W-2 menials to understand.

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  • quindraco@lemm.ee ⁨9⁩ ⁨months⁩ ago

    Theft is when you take something someone else has without their consent. Charging a lot for what you sell isn’t theft.

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    • Showroom7561@lemmy.ca ⁨9⁩ ⁨months⁩ ago

      Profiteering, price gouging, and wage theft are forms of theft.

      Many places already make these illegal, but corporations don’t face consequences when caught.

      The worst part is that many of these companies have stated that without increases in consumer prices, they would be forced to shut down. Lies.

      Our largest grocery store operator in Canada has been posting record profits these past few years, despite claiming that prices need to go up. They are stealing from consumers.

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    • Gonkulator@lemm.ee ⁨9⁩ ⁨months⁩ ago

      Merp🥸

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• roscoe@startrek.website ⁨9⁩ ⁨months⁩ ago

  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 fault articles on the PPI though, I wonder why.

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  • mynamesnotrick@lemmy.zip ⁨9⁩ ⁨months⁩ ago

    Corps took a hit due to covid lockdowns, they wanted to get the profit they missed back and then just said fuck it, they are used to these prices is what I’m hearing.

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• the_post_of_tom_joad@hexbear.net ⁨9⁩ ⁨months⁩ ago

  Is it only half? I bet it’s way higher

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• where_am_i@sh.itjust.works ⁨9⁩ ⁨months⁩ ago

  so, this is a US news sub now?

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  • A_Toasty_Strudel@lemmy.world ⁨9⁩ ⁨months⁩ ago

    Doesn’t have to be. Post something else.

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  • Cheradenine@sh.itjust.works ⁨9⁩ ⁨months⁩ ago

    Yes, the Guardian is based in Alabama. Furthermore prices have not risen anywhere else in the world.

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  • catchy_name@feddit.it ⁨9⁩ ⁨months⁩ ago

    Tip: If you are looking for global news without as much US content try out: !anime_titties@lemmy.world

    Don’t let the name put you off. It is a real news community.

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    • Cheradenine@sh.itjust.works ⁨9⁩ ⁨months⁩ ago

      Anime_titties is very good

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    • throws_lemy@lemmy.nz ⁨9⁩ ⁨months⁩ ago

      I guess we need another anime_tities on lemmy.zip

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    • zaphodb2002@sh.itjust.works ⁨9⁩ ⁨months⁩ ago

      Is it just me or has there not been a post there in months?

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  • ares35@kbin.social ⁨9⁩ ⁨months⁩ ago

    the u.s. economy has a significant impact on the global economy, as well as local economies in other nations. so yes, this is relevant 'global' news.

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• bazingabrain@hexbear.net ⁨9⁩ ⁨months⁩ ago

  i cant wait for western civilization to utterly collapse, this is madness, were literally slaves to an abject minority of boring and sociopathic men and women. Madness.

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• Drusas@kbin.social ⁨9⁩ ⁨months⁩ ago

  Meanwhile, everyone knew this in the Fed targeted individuals instead of corporations when trying to tackle it.

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• Dyf_Tfh@lemmy.sdf.org ⁨9⁩ ⁨months⁩ ago

  So according to the report, since 2019 54% of price increase are due to labor, 34% to profit and 12% to non-labor.

  Those 12% that started the current inflation loop are relatively small overall.

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• omeara4pheonix@lemmy.zip ⁨9⁩ ⁨months⁩ ago

  Another so called “economics think-tank” that thinks [consumer price]-[raw material cost]=[profit]. They are just ingnoring all of the other variables in equation. P&G (their biggest example) laid off a huge percentage of their workforce during the pandemic and increased the price of the products. Now they are nearly back at 100% of their workforce but everyone is being paid more. It ends up being a wash for consumers at that point. That’s not even including cost of energy, cost of machine maintenance, and all of the other little things that have increased over the last few years. Nonsense.

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