Corporate America may be bumping up against the limit of its power to keep raising prices as consumers in some markets cry uncle.

“Even though we’re pushing through pricing, the consumer is tolerating it well,” he said in October analyst call.

normal way to talk about ‘fellow’ human beings

  • prole@sh.itjust.worksEnglish
    1·
    9 months ago

    That’s the unfortunate side effect of rampant inflation where wages stay stagnant as markets decline.

    Markets aren’t declining though. That’s kind of the whole point isn’t it? These corporations are making record profits every quarter, yet workers wages are stagnant, and prices of their products have gone way up.

    They’re doing great while also doing everything they can to make sure that the people doing the actual work don’t see a dime of it.