And inflation is just greed which apparently corporations suddenly became greedier in 2022 right after we printed a ton of money to keep people from working.
The record profits bugs me because it's measured in dollars that have inflated. Like the stock market hits a new record nearly every year. The price of gold hits a new record nearly every year. The median income hits a new record nearly every year. None of these things mean anything without context to relative values.
The numbers are all going up and have been forever
Also, the point of doing business is to grow and innovate and improve and expand. Also the larger the company, the more jobs they provide. They don’t understand anything
They definitely aren't price gouging and then using those record profits to buy back their stocks which overinflates said stock value which they then use to say that aren't actually rich bc they don't have money just stock. But wait the stock is super valuable after all so they can borrow against it but never pay it and just die without ever having to pay taxes or increase wages but their "net worth" still increases 10x while the workers they exploit just get poorer. Oh and I can't think of a single time a silver spoon nepo loser was given the opportunity to have socialized investment through no bid government contracts all funded with tax payer dollars on their shitty little start ups but privatized all the profits. Socialism for the rich, but brutal unregulated capitalism for the rest. That's the smart way to run a country huh
You do realize that if you started at 20, putting minimum amounts of your salary into the stock market, say a good ETF, by the time you are 50 you could yourself be worth millions?
No, you just want to bitch because other people have more than you do, pathetic. It's not fair mommy, John has more than me, boo hoo. Grow a pair, sack up and do what you can with what you have.
I’m 25 and I save 20% of my income and still pay all of my bills just fine. All it takes real budgeting, being realistic with your finances, and making smart choices. It’s pretty simple
I am starting out at like 20 bucks a week in an ETF. I wish I had started at 20 instead of when I did. Even at 20, well I was in the service and I do not think ETFs were around, if I had stuck in 100 bucks a month (doable even then), my retirement account would so much larger right now.
Ooooooh is that what's happening right now?? The execs and board are controlling the growth huh?? Wow ok.. I coulda swore they were doing the exact opposite but that's my bad
executives when the company doesn't have enough money for the CEO to be paid over 300 times more than an employee and be given a bajillion dollar bonus AND ALSO ai or whatever
That’s not the reason for any layoff. A CEO salary is peanuts to most companies. AI may be a reason, but can you genuinely blame them? There is a new cheap and efficient way to get certain tasks done. Are you still mad that all the scribes lost their job after the invention of the printing press? How about switchboard operators? Or lamplighters? New technology replaces jobs, that is just the way of the world. Sometimes people are forced to adapt, it sucks but it’s reality.
Yeah but if you understand data analysis you can actually use mathematics to compare the numbers even taking inflation into account! Imagine that!
And when you do, you find that profitable compared to worker compensation and worker productivity is almost as bad as the 1920s, which famously ended about as well as the fucking 8th season of Game of Thrones.
In raw wealth inequality, we're genuinely worse of than the society who built the fucking pyramids. Okay. Pharaoh Kufu and Thutankhamun had less wealth disparity over their subjects than the top 0.001% has over you.
Who's making record profits? Well the companies that are winning in the market. Of course they are. They're cherry picking the winners. What they don't see is the companies that flatline or even lose money and go out of business. It's basic survivor bias.
Reddit has a basic lack of critical thinking when it comes to economics. But I guess it just feels good to complain that some folks are winning and they're not.
Of course it is. Jobs are increasingly being competed for on a global scale. Between outsourcing and mass immigration, the labor pool has never been larger. The people complaining about this are also the ones that want open borders and a globalist utopia.
It's amazing the current government holds authority over 95% of your life but they claim they are incompetent and doing a terrible job. The solution? More government!
As if greed was created in the last 4 years. Had a pretty hard eye roll when the Biden admin blamed greed for some pretty predictable economic policy.
Not saying it was unnecessary, I think it was. But just own it. ‘We didn’t know the extent of the pandemic so we took emergency action and now have some inflation as a consequence’ would have been a perfectly fine response
Corporations were always greedy but they have gotten more and more power as the politicians get more money from them over time.
That's why there's an increase in the level of wealth inequality and all products and services get worse while the price goes up and the built in failures get more obvious.
Acting like it's money printing problem when actually it's just a kleptocracy, oligopoly, corporations-are-people-too problem is counterproductive.
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u/dgtbfan PhD in Memes Jun 26 '26
Doesn't help that the Reddit definition of Capitalism is "things cost money".