They keep raising prices, stating that it’s due to inflation, but then they keep having record profits.
Meanwhile, the average American can barely afford rent or food nowadays.
What are we to do? Vote? I have been but that doesn’t seem to do much since I’m just voting for a representative that makes the actual decisions.
Inflation means money is worth less than before and inflation is actually money creation. Higher supply means lower demand. Record profits are only records because the nominal value is higher, but the real value isn’t.
Companies operate on gross margin, so 30% margin is always 30% of the total price. The actual value is irrelevant.
The actual value of groceries seems quite relevant…
The value is the same. Join a union.
Of course, if you’re not getting an actual pay rise. Then you strike until you get a better deal or start making money without exchanging it for units of time.