Lee Duna@lemmy.nz to News@lemmy.worldEnglish · 10 months agoHalf of recent US inflation due to high corporate profits, report findswww.theguardian.comexternal-linkmessage-square38fedilinkarrow-up1725arrow-down18cross-posted to: [email protected][email protected]
arrow-up1717arrow-down1external-linkHalf of recent US inflation due to high corporate profits, report findswww.theguardian.comLee Duna@lemmy.nz to News@lemmy.worldEnglish · 10 months agomessage-square38fedilinkcross-posted to: [email protected][email protected]
minus-squareUglyhead@lemmy.worldlinkfedilinkEnglisharrow-up100arrow-down1·10 months agoI herd it was cuz damn people were forcing them to pay huge wages
minus-squareFlying Squid@lemmy.worldlinkfedilinkarrow-up47·10 months agoJohn Oliver went over McKinsey in great detail to talk about what a shit company they are. https://www.youtube.com/watch?v=AiOUojVd6xQ
minus-squareZamotic@lemmy.ziplinkfedilinkEnglisharrow-up6·10 months agoI was going to post this myself, glad someone else already had the same thought.
minus-squarepsud@lemmy.worldlinkfedilinkarrow-up3·10 months agoThat was last time, we had a wage-price spiral. Wages went high, which pushed prices up, which pushed wages up, etc On this occasion it is a price-nothing spiral. Prices go up, wages stay static, prices go up, etc
I herd it was cuz damn people were forcing them to pay huge wages
Removed by mod
John Oliver went over McKinsey in great detail to talk about what a shit company they are.
https://www.youtube.com/watch?v=AiOUojVd6xQ
I was going to post this myself, glad someone else already had the same thought.
That was last time, we had a wage-price spiral. Wages went high, which pushed prices up, which pushed wages up, etc
On this occasion it is a price-nothing spiral. Prices go up, wages stay static, prices go up, etc