schtomp
131634
2050
72
Both labor and supply chain are constrained coming out of COVID, so shit's more expensive to make. That doesn't mean corporations aren't taking advantage of the optics to overcharge you.
cwhammer2
Are the "record profits" adjusted for inflation?
BronkLuonk
Price gouging is different.
MrZev
Not gouging, but taking advantage of it.
MicentennialBan
If only Republican representatives wanted to lower the prices..
TheobromineAddict
I'm fucking infuriated at the constant stream of news about inflation that never mentions record corporate profits. "GRINDS MY GEARS!"
eromitlab
Media primed the pump with all the breathless supply chain and price increase talk, corps correctly felt they could take advantage.
armagetz
It’s far from made up. What, you think the price increases are just at the general public? You have no idea what has been happening(1)
armagetz
(2)behind the scenes, and how often things are unavailable to be had in sufficient quantities no matter the price.
RadicalLiberal
I wrote this today: https://medium.com/leftovers-again/gas-is-5-a-gallon-whos-to-blame-153b9b52aa31
TheRealArclight
londonosierra2000
We've been telling everyone these, it's real. We need to act! Or it'll become the norm.
TheHappyHermit
stg1freak
heresaname
ID1746
I offer you a better version:
It lacks the text document icon
heresaname
Anrodos
This is shittiest cyberpunk dystopia. No neon or constant rain.
Rink257
Petition to start Glam Fab Fashion Movement
filben7
Right? Can't even wear a cool trench coat and eat noodles at a grungy little shop without looking like a neckbeard.
CruisinDownTheStreet64
Hey. Its definitely inflation. But theres probably some price gouging also. It can be both
MagicOrpheus310
Yeah, it's not working like it used to anymore, we know where the money is going.
Frederf
Inflation has to do with the real value of goods and money supply ratio. This is just sparkling capitalism.
Thajurriesexcuesed
It'd be great if you didn't use the word "Corps" to abbreviate evil "Corporations" like that... Corps (pronounced k-or) is already a thing.
newsguycraigevans
I can only assume you are talking about the Green Lantern Corps, and I agree
Thajurriesexcuesed
Have you not heard the tale of Tun Tavern??? https://www.tuntavern.com/tun-tavern-history.html
hotfezz
Woah, hot take.
SXSam
Imaginflation
blankunderscore
If my product costs 10$ to make and I charge 20$ for it but then suddenly it costs $20 to make and now I charge $40, my margins are the same
schtomp
but your net profits are not
imredheaded
Good luck getting Congress to do anything about it and good luck convincing the right it isnt all bidens fault.
feren
@OP is correct, but my father will never believe it.
SidneyHarbor
The stock market is crashing. That doesn't happen with profits and outlooks are good.
rivenox2
Thanks, Obiden.
AmActuallyACat
My dad is convinced it'll all get better when Biden is out. I fear he's right, but not for the reasons he thinks
Karsa0rlong
Same.
ShineSpark
If inflation is excess money and not enough goods. Where is the money? Certainly not in my pocket. Everything goes up, pay stays the same.
MightyIink
"wE cAn'T aFfOrD tO rAiSe WaGeS"
ATLandNerdy
If they're making record profits, they can afford to give us all raises, right.... right?????
TheWarHymn
i mean logically, why else would the price of the same exact item increase year to year?
dohcohv
I work for a paint company, we used to do sales/markdowns on holidays or in the spring. Now we can't produce enough to meet demand even
dohcohv
Though we increased production by 25% by installing more canning lines. Margins are higher because whatever we make sells instantly.
dohcohv
Manufacturing and retail are seeing record sales, service industry is still down as people are staying home and buying things instead.
dohcohv
We have paint that is $100/gal and would mark it down to $75 to get it to sell, now we have months of backorders at full price.
schtomp
Sure we are legitimately in an inflationary period post-pandemic, but the point is not everything is being driven by supply/demand.
michaelbishop
Corps have been pushing the economic barrier for a couple decades now,. I feel like it now affects such a high %age of ppl now that we..1/
michaelbishop
..are on a path towards revolution if there isn't significant government intervention and regulation soon. I suspect corps.. 2/
michaelbishop
..understand this and are now in a, "well, let's squeeze every last cent out of it while we can" mode. /3
csp256
today on "imgur couldn't pass an econ 101 midterm if their life depended on it"
Mountaineer30680
Well said. The average knowledge of economics and markets wouldn't clog a soda straw...
AwwYEE
Today on 'I just got served'...
csp256
. . . right
AwwYEE
Indeed ?
moose09876
The ones with the power to fix it are either making enough money to ignore or too stupid to realize.
CogentMoment
It's a banana, how much could it cost?
morphis
How many career politicos have gone broke helping the disadvantaged: Zero
Rink257
Im open to diplomatic ideas that will work. We need to be better legislators. My state has a lot of Rep and they keep blocking the bills the
tranzepar
We've spotted a earner with power! Trace & track medb1102 and help them to feel motivated to make the real change we all need.
Rink257
Do not tell ppl to trace and track me.... Im just wanting laws to actually get passed instead of this stonewalling BS
Rink257
Gov. Tries to pass. They gut out everything in a bill and put BS in there. Gov has to veto and nothing that matters gets done.
RedWingedBlackbirds
Please everyone vote - local, state, all elections - especially in the midterms. https://www.vote.org/am-i-registered-to-vote/
Crimx42
We know
Azazellosarmour
The GOP issued talking points to their propaganda outlets to ignore price gouging & claim it’s inflation. Their lie campaign is underway
lncorrectGrammerNazi
Moose79
I tried explaining this and someone told me because I didn't have a degree in economics regurgitated stats were wrong
cepacolusmaximus
And what happened after you broke your foot off in their ass?
Moose79
Everyone clapped. /s
hotfezz
If imgur doesnt repeat it 8 times per fucking hour, how would you remember?
ThisIsAWasteOfMyTime
Inflation literally just means "Stuff costs more than it used to". If corporations price gouge and stuff costs more... it's inflation. The >
ThisIsAWasteOfMyTime
"it's not inflation, is price gouging" is like saying "I don't have a roach problem in my house! It's [a specific breed of roaches]".
ThisIsAWasteOfMyTime
I can sort of understand complaining about price gouging (though companies have always and will always charge as much money as they can get>
ThisIsAWasteOfMyTime
away with, it's sort of in-built assumption in the whole system). But I don't get the whole "[definition of inflation] is not inflation!"
schtomp
inflation occurs naturally in an economy when necessary resources are more scarce, not because some dipshit decided to charge more.
Azazellosarmour
No, artificially high prices are creating a need for more income. It forces the issue, which is their plan, make life worse, blame Biden.
schtomp
clearly not everyone
HouseofWolves312
Those ones don't care
maydai110
No, everyone on imgur knows. Post this on your racist aunt's Facebook, give us wholesome memes.
Azazellosarmour
What good are wholesome memes if the GOP fascist takeover takes place? Maybe this is the time to pay attention?
maydai110
But we are paying attention, on news sites. There's hundreds of sources, why should a meme sharing site where there's 0 Republicans be one?
Azazellosarmour
Why should we be concerned about fascism ending the government created by our Founding Fathers? Do you think fascists will allow memes?