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Comment on What is an average person living in the US supposed to do about corporations raising prices?

Dark_Arc@social.packetloss.gg ⁨11⁩ ⁨months⁩ ago

Realistically there is no reason for produce or rent to be increasing in price, there is not any actual reason for the hikes in COL other than “record profits”

There absolutely is. You think farmers don’t have expenses? At the very least they need to pay employees wage increases to match inflation.

Rent is a different thing entirely and it’s based on what people are willing to pay to live in that area. You can’t charge a California rent in Ohio (unless you’re selling a penthouse apartment) because nobody will pay it.

the myth of supply based economics, and other fairytales.

More quitter talk and apathy just like the other comment of yours I bumped into.

Fact of the matter is, if every 25% of people that normally bought X product stopped and got something else, that brand would drop prices. You can’t make record profits off a 10% price hike if 25% of your sales just vanished.

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phillaholic@lemm.ee ⁨11⁩ ⁨months⁩ ago
There are so many people here ignorant to the basic principals of supply and demand. It’s starting to scare me how willful the ignorance is.

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- orrk@lemmy.world ⁨11⁩ ⁨months⁩ ago
  supply and demand is econ 101, and in econ 102 you learn that econ 101 is about as predictive as Nostradamus
  
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orrk@lemmy.world ⁨11⁩ ⁨months⁩ ago
yet the cost to produce hasn’t gone up in any meaningful metric, and is nowhere even close to the price increase we saw in grocery goods.

rent isn’t much different, there is no shortage of rent, and the (evil leftist word that means you need a house and food to live) Material conditions are the main reason why companies jack p these prices, you can’t just not have a house and not have food

and pointing out that supply side economics in practice has just lead to an oligopoly increased cost of living, an increasing wealth gap, and a new class of super rich that make the fucking Rockefeller look poor. And the theoretical side is literally fairy tale beliefs that make revolutionary communists seem grounded with reality

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