186
The problem isn’t inflation. It’s prices.
(www.vox.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 08 Nov 2023
186 points (93.5% liked)
politics
19144 readers
4639 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
Links must be to the original source, not an aggregator like Google Amp, MSN, or Yahoo.
Example:
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive. Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS
Still think this is just greedflation. Raising prices because you can. Not because of rising labor costs, supply chain problems, inflation., etc. That might have been true at the start of the pandemic, but it isn’t now. Want an example, streaming prices. There is no reason for increases except greed.
Been saying this for a while. It's off that all these companies raised prices and also started seeing record breaking profits in the same year. Almost like they didn't really need to raise them all that much or at all.
They say as much in the article, companies are basically bragging about it at this point. They keep raising prices and we keep buying anyway.
Yep!
Why lower profits when you can keep on chugging?
I really hope at some point it catches up with the corporations without anything resembling an economic crash.
IDK if streaming is a good example. Seems like streaming costs were under calculated and streaming services are adjustingntonreality. NPR talked about how previously, before streaming was anything, movie productions would get kick backs for movies in the theaters, tv spots, movie purchases and rentals. Theater's are still alive,but not doing well and rentals have had a dynamic shift. No more renting so much as streaming, which is technically rather cheap. The issue stems from the small amount of kick backs going to the show/movie productions since it was a new market. Now, movie productions want more money from streaming since their other sources of income have diminished which is where the streaming cost increases are probably coming from.
I can confirm. Was in retail management until recently. Owner regularly boasted about how much money he made because he saw the beginning of the pandemic and bought a ton of product at the low prices they were at before prices started going up. Then raised prices to be 30% more than the competition raised prices.
"People expect prices to go up, but they won't be able to shop around so they will pay the extra. With all the shipping and package theft problems nobody will trust Amazon so it doesn't matter if we are charging nearly twice as much. They want what we have and they will pay the price we set."
When I left they were still nearly double the price of LOCAL competition and still pulling profits. The thought is even if 30% of the customers leave and go somewhere else, with the margin being ridiculously high we still came out on top.
"We make money by being the first to raise our prices and the last to lower them."
"We" was actually the owner.
Bonuses were "Not Available" due to rising cost of operating during a pandemic. Raises were limited to cost of living increases based on state adjustments (which were far lower than our area).