Submitted by ODDBOY90 t3_10v1rb0 in Pennsylvania
worstatit t1_j7ffxw1 wrote
Well, business got theirs, and is now taking everyone else's by way of higher prices.
julietteskyerose t1_j7fjlhp wrote
Just saw a headline that big oil is making record profits
worstatit t1_j7fjow1 wrote
Funny how often you'll see that headline over the years.
SomePaddy t1_j7fpzny wrote
Thank goodness - I was really worried about those guys with their razor thin profit margins. /s
69FunnyNumberGuy420 t1_j7gnfxe wrote
Everyone's making record profits. Cal-Maine Foods owns the big egg brands in our half of the country and they're cleaning up on the current egg prices.
https://www.cnn.com/2023/01/13/business/egg-prices-cal-maine-foods/index.html
$1600 directly mailed to the working poor was just too much money, though.
drxdrg08 t1_j7hxpby wrote
> Just saw a headline that big oil is making record profits
That's how inflation works.
If inflation was 20% in the last 2 years, but your business is -10% in the same time, you still can set a "record" since it is measured in inflated dollars.
steelceasar t1_j7i940f wrote
Does it make you feel good to defend large corporations and the ultra wealthy as they are actively gouging you for profit?
drxdrg08 t1_j7j0xik wrote
I'm explaining basic economics, sometimes even basic math.
steelceasar t1_j7j25fu wrote
>basic economics
Yes you are, you are attempting to distill complex corporate economics down to the level of a household budget; and then deriving truisms from the comparison. It's dumb and self defeating, unless you are a corporation benefiting from record profits. Are you actually a corporation and thus defending yourself?
PawBandito t1_j7gb8ef wrote
Big business*
Small businesses are struggling right now.
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