Many progressive economists pointed to corporate profits – or “greedflation” – and supply chain issues as a driver of high prices
Theft. It's called theft.
this post was submitted on 19 Jan 2024
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Interesting Global News
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Smokes cigar: Akshually it’s a reasonable rate of return, but I wouldn’t expect you W-2 menials to understand.
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 daily articles on the PPI though, I wonder why.
Edit: tell people about PPI whenever you can, online or off, the more people know, the better. It's easy enough to say inflation is just down to greed but being able to back it up by comparing two simple charts will help people really understand.
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.
Is it only half? I bet it's way higher
Meanwhile, everyone knew this and the Fed targeted individuals instead of corporations when trying to tackle it.
so, this is a US news community now?
Doesn't have to be. Post something else.
Edit: per other commenters, the lemmy_world community isn’t very active. Looks like !anime_titties@kbin.social is a better bet.
Note that for some reason when I subbed to that one I couldn’t see any posts but after a few hours I started to see any newly posted content. I’m guessing that has something to do with how kbin and Lemmy integrate. So if you don’t see any post when adding it just subscribe anyway and then wait a bit
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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.
Anime_titties is very good
Is it just me or has there not been a post there in months?
It is not just you. Maybe people reading this will “Be the change that you want to see in the world” by posting some non US centric news there.
I think they mean this one https://kbin.social/m/anime_titties . That is what I thought they meant. This anime_titties posts daily
Sorry I don't know how to make that a Lemmy link
I guess we need another anime_tities on lemmy.zip
Yes, the Guardian is based in Alabama. Furthermore prices have not risen anywhere else in the world.
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.
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.
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.