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RainfallSonata

Record profits drive inflation (i.imgur.com)

submitted 1 year ago by RainfallSonata to c/noshitsherlock

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[–] TehBamski 1 points 1 year ago

Looking for clarity. Is this showing net profits or gross profits?

[+] Gigan -23 points 1 year ago (4 children)

Shit take. If every Starbucks employee got an $11,000 raise that would drive inflation even more.

[–] Coach 11 points 1 year ago

Would love to see that theory tested.

[–] [email protected] 6 points 1 year ago* (last edited 1 year ago)

If only Starbucks did it, then it probably wouldn't affect it much. But of course the idea of these posts is that all the companies should treat their workers better. If everyone got $11k pay rises that would definitely drive inflation.

However, here's a counterpoint. If all the working class got big pay rises, this drives up inflation but it's countered by the big pay rises.

Meanwhile, the super-rich are seeing their wealth worth less and less due to inflation, leading to a lower level of inequality.

[–] Mr_Blott 2 points 1 year ago (1 children)

Starbucks sells "coffee", not mushrooms, duh

[–] Bob_Robertson_IX 1 points 1 year ago

I see you.

[–] morphballganon 2 points 1 year ago

How do you figure?