They keep raising prices, stating that it’s due to inflation, but then they keep having record profits.
Meanwhile, the average American can barely afford rent or food nowadays.
What are we to do? Vote? I have been but that doesn’t seem to do much since I’m just voting for a representative that makes the actual decisions.
https://fortune.com/2023/06/10/fortune-500-falling-profits-telling-something-economy-recession-return-to-normal/
If companies were just greedy they could have raised prices at any time before. They didn’t because they’re trying to find the optimal point between supply and demand to make the most profit (as we all do – are you willing to take a pay cut or eschew a raise you can probably get?)
All the money pumped into the economy is why they could raise prices – not just in 2020, but pretty consistently for the past 20 years. Lots of normal people are getting screwed but it’s fine for these companies because guess who gets much of the money being printed? Hint: donors.
A