i believed they’d hike for profit and pretend it was because of covid… yes.
Comment on Companies Are Serving Notice: We’re Raising Prices Because of Tariffs
Iheartcheese@lemmy.world 1 month agoYou didn’t believe in covid price hikes?
flandish@lemmy.world 1 month ago
Ledericas@lemm.ee 1 month ago
some of the covid prices are sitll on amazon.
superniceperson@sh.itjust.works 1 month ago
Companies reached peak profits during the height of COVID, proving that the price increases were not primarily caused by supply issues.
We’ve seen it more recently with egg prices greatly outpacing actual supply shortages.
‘supply and demand’ isn’t what sets a price, and hasn’t been for more than a century. Prices are simply set as high as the market can bear.