this post was submitted on 11 Aug 2023
1564 points (98.2% liked)
Memes
45317 readers
1287 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
More like greed. Inflation because they have record profits, pay their employees less *(relative to inflation )and charge more for their products
You think inflation is due to record profits?
And by pay employees less, what do you mean? Like relative to inflation? Or is there a company that actually lowered hourly wages?
I can sort of agree with the charge more part I guess. But it's pretty obvious that inflation is largely caused by increasing the money supply. This has been shown repeatedly throughout history and isn't really debatable unless I'm missing something. It's sort of like how the more slices you cut a pizza into, the smaller the slices become. Charging more for the pizza, paying the pizza employees less or the pizza company making more money doesn't impact slice size unless they increase the number of slices or the size of the pizza itself.
Great explanation
Are you being deeply sarcastic right now? That was a bunch of nonsense.