'Greedflation' and other drivers behind inflation at the grocery store
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- čas přidán 15. 04. 2024
- Compared to pre-pandemic prices, ground beef is up 35%, chips are up 45%, bread is up 57% and a 12-ounce can of soda is up 66%, according to the Bureau of Labor Statistics, which tracks trends on common grocery store items. Consumers have been given many reasons over the past couple of years, from the Coronavirus to the Russian war with Ukraine to worker shortages.
As prices continue to rise, a rising number of Americans think corporate greed is the real driver. One recent poll showed 59% of people believe in so-called "greedflation." Corporate greed is now tied with government spending in the public's perception of what's behind inflation.
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They used to call this "price gouging"
They used to call it Hyperinflation 😂
average wage increase is 5.2% It is not catching up to cost of living, that's an outright delusion
Let's play a little game that the media and the left likes to play.
Wages are at an all time high.
Corporations are making record profits
The Stock market is at an all time high.
What do these 3 statements have in common? They all need to be adjusted for inflation that is created by the government printing money.
Sure you make more, but everything costs more.
Sure corporations are making record profits, but the money isn't worth as much
Yes, the Dow is near 40,000 but after adjusting for inflation it is really about 32,000, no gain in the last few years.
So, here is the game. Why are we outrage at statements 2 & 3 but feel sorry for ourselves with statement number 1?
More competition. That will change their tune real fast.
They don't expect it to go down ever is sick. We need to boycott spending. Rent, mortgages, bills, everything. What are they going to do? Throw us all jail, evict us all.
No wonder everyone is peeling their heads at self checkout 😂😂😂😂☝🏻
Obviously corporate profits are up. That’s for the same reason that wages are up: expansion of the money supply. The word “greed” is a meaningless descriptor.
The more one gets, the more the expenditure invariably. I guess this applies to the CEOs also.
Ring it up as produce 😂😂😂🤷🏻♂️
Look at the profit margin, follow the money, duh.
Just stop buying things as long as possible. Just do with minimum for now.
It not greedflation it is hyperinflation.
Bodenomics