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corporate America just posted record profits this week. The stock market is at all time highs. If your paycheck didn't do the exact same thing, take a wild guess why. Their record margins are literal… (lemmy.today)
submitted 2 months ago by to c/workreform@lemmy.world
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Full title: corporate America just posted record profits this week. The stock market is at all time highs. If your paycheck didn't do the exact same thing, take a wild guess why. Their record margins are literally just your unpaid wages

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[–] 12 points 2 months ago (9 children)

I kid you not, the price of dumplings at the supermarket where I live went from $12 last year to $16 this year.

Four dollars! That's a 33% increase in the price of dumplings! What the hell happened that they suddenly need 33% more money per bag?

Or take Dollar Tree turning into the $1.25 Tree—and sometimes even more! Some balloons cost five dollars at Dollar Tree. FIVE DOLLARS!

At this point, some of these companies are just making shit up.

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  • [–] 13 points 2 months ago (7 children)

    Well you see, as the price of energy goes up, the price of ingredients must go up. And so the price of processed food must go up, and then transport must go up to match. To counterbalance this, the price of rent must go up, and therefore the price of mobile data must go up. All of this accumulates into soaring prices of stocks, which proves that capitalism is the greatest.

    It really is this simple! But wages can not go up, because that would cause an inflationary death spiral.

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  • [–] 5 points 2 months ago (6 children)

    I sense sarcasm.

    But seriously, inflation went up like 8%. Not 33%!

    Then again inflation is just when they print more money.

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  • [–] 4 points 2 months ago (3 children)

    The people who told you inflation is only 8% are lying through their teeth. I dont have access to enough data to back that claim with evidence, but anecdotally I track my income and spending to the cent and I can tell you that at least for the set of goods I consistently buy every year inflation is much higher than 8%. My 2025 cost me 15% more than my 2024 did, even after excluding all of the 2025 spends that could be considered lifestyle upgrades to my 2024 financials. I dont know how that compares to my 2026 yet for sure, but its absolutely more than 8% inflation

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  • [–] 1 point 2 months ago (2 children)

    So I don't like dealing with "trust me bro" arguments but I think you're confusing what inflation actually is.

    Current U.S. Inflation Rates: 2000-2026 https://share.google/KYoH4YRuDcDl8tJje

    But here's an official link to what the inflation rate is and was.

    The reason you're feeling like things are significantly more expensive despite the relatively small inflation rate is that inflation works somewhat like compound interest.

    For example, if a product cost $100 in 2025 and inflation was 5%, the price would rise to $105. If inflation is then 2.3% in 2026, that 2.3% increase is applied to the $105 not the original $100. The new price would be about $107.42.

    That's why a lower inflation rate doesn't mean prices are going back down. It simply means they're increasing at a slower rate.

    Prices generally don't go down just because inflation falls. They go up more slowly. The notable exceptions are things like gasoline and hand grenades.

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  • [–] 0 points 2 months ago (1 child)

    The inflation numbers you linked are aggregated from DoL releases, which is an agency headed by a member of the executive. You may as well have cited economic data from the silmarillion for all the credibility it added to your argument, from my point of view.

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  • [–] 0 points 2 months ago* (last edited 2 months ago)

    Your distrust of the official source is irrelevant. Completely. That's the information literally every single financial institution is using regardless of it being real or not.

    https://share.google/7t3RegNapCQ2Awhkr - us congress

    https://share.google/F2BIAgdWq9SC9IQwm - usfacts

    https://share.google/YFvXxBKn6r8Er14XU - don't remember.

    It's 3.4%. across the board. Believe it or not it's a fact.

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