So if inflation is down, and prices are still high, is that not inflation but “greedflation”? And yeah, we’ve been sick of it.
If it were only inflation, corporate profits wouldn’t have been record at record highs.
worked for a food distrobutor during covid and they had a meeting about jacking up prices on covid supplies and all other items. At the time I said the covid supplies was a big issue. All other goods were jacked. Sales VP was like, nope, full steam ahead. I even did a whistle blower complaint to the Gov’mnt with all the documents. Nothing ever came of it.
There is still time since you submitted it
If inflation goes to zero, prices remain where they are.
I feel like this is the real barrier to whoever gets stuck in white house and fed. A lot of people don’t realize this is the new baseline. That’s how inflation works.
The solution isn’t deflation, it’s increasing wages.
I mean lower inflation is not deflation. The rate of change is just smaller than it was.
I have never seen a product with a “new look” that actually got bigger. In fact I often see them do a fun little transition where for a bit they are branded as “having 25 percent more” in the new size which is just the same as the old one.
Harris needs to bring up that the Republicans killed the price gouging act at her rallies more if she has at all.
100% of the problems with America can be traced back to the Republican party:
They use gerrymandering to keep states under minority rule.
They packed the courts to legislate from the heritage foundation psychos they placed there because their policies are so unpopular
They use their media to push divisions and enable stochastic terrorism.
We have some major problems, but voting out Republicans everywhere is a surefire remedy.
#VOTE!
If a company can make a change to make more money, and they think they can get away with it, they’ll always make that change. Shit, there’s an article about Warren getting angry about digital price takes Kroger is looking at using. Their plan is to start with it to dynamically change prices of products depending on things like weather, I.E., heat wave, increase price of ice cream and ice.
They also planned to use cameras and facial recognition to analyze customers, figure out gender, age, etc, then build profiles on individual customers and how much of a price hike they could stomach and dynamically price per customer.
I mean, that’s like cartoonishly evil behavior, but they’re willing to try it if it means more money. So of course companies across the U.S. increased prices under the guise of inflation, because infinite growth is the expectation, never too much money right? Law makers will need to step in to curb some of the worst examples of all of t his greedflation.
I’m imagining some new “apps” would leap into the fray and send “gig” workers in to game the pricing schemes…
Refusal? Inability.
Americans’ refusal to keep paying higher prices may be dealing a final blow to US inflation spike
American Corporate and Investor’s refusal to give up infinite profits may be dealing a final blow to US inflation spike
Stop blaming the abused for causing the problems created by abusers
Except it’s the opposite? It’s talking about inflation ending due to consumers.
Because they were finally pushed over the limit. And they’ll walk it back only as much as they have to while still squeezing every cent. This isn’t a win, it’s them finding the limit so they can straddle it.
So…not inflation, then.
deleted by creator
If street prices stay the same then it’s probably the rent making the differences in other stores
It’s the rents, no doubt about it. In Los Angeles a lot of successful places are going under and it’s because the landlords want these businesses to do more than is actually possible.
It’s crazy to me to see all the hollowed out store fronts because local businesses can’t pay “rent.” Especially after the pandemic.
The small business couldn’t make rent, so the Landlord kicked them out, so now the business person has no business and the landlord has a boarded up storefront covered with graffiti. There are entire city blocks abandoned because of this nonsense. Who does this benefit?
not just store fronts. the walk-up flat next door to me in a small building (and only vacant one) has been ‘on the market’ and ready for move-in for over eight months… at 3.5x what the rents were jan 2020. the greedy bastard just won’t take less and he’s willing to leave it empty until he gets what he wants.
Real estate cartels
Street prices for illegal stuff can be suppressed for a number of reasons. For example, it is very common to keep prices low by cutting stuff with stronger / cheaper / more addictive substances.
Which is why people are finding fentanyl in damn near everything now.
I didn’t realise street things means illegal stuff lol, I just thought they meant street vendors. You’re absolutely right though there are more factors to it then.
Street prices for street things are the only stable prices
I’ll argue that’s not true for drugs. Weed purchased on the street has gone down in many places as supply and competition has gone up because of legalization.
And for harder stuff, a LOT of opiates and stimulants are being cut with fentanyl to lower costs, increase profit margins with existing price points, or hook customers harder so they buy more. Fent is pretty damn pervasive now.
But, all in all, there is more than just inflation at play. There are other factors that can impact the price of something.
Refusal? More like inability to…
I see this at my job. It’s not enough to make money, you have to make infinite money. It’s not enough to make each board member millions a year, that number needs to constantly grow. Not to match inflation mind you, it just needs to grow a large percentage each year. To a normal person, a company making hundreds of millions in profit is enough, not to investors. Money must always be bigger, year over year. It’s literally never enough and never will be.
Associated Press - News Source Context (Click to view Full Report)
Information for Associated Press:
MBFC: Left-Center - Credibility: High - Factual Reporting: High - United States of America
Wikipedia about this sourceSearch topics on Ground.News
AP being “Left-Center” still kills me.
It rates Ars Technica as less biased than AP.
