BeKind_BeTheChange t1_issuhw3 wrote on October 18, 2022 at 1:33 PM

Reply to comment by [deleted] in Nothing hikes price of Ear 1 earbuds by 50 percent - The $99 earbuds will soon cost $149 by speckz

It's corporate greed. 100%. There has been no increase in the cost of obtaining raw materials, other than the demand from stockholders to increase profits. The concept of constant growth needs to be called out for the unsustainable scam that it is.

broodmance t1_isswc2y wrote on October 18, 2022 at 1:47 PM

While I don’t disagree that corporate greed and corruption plays a part, claiming raw material cost have not increased is factually incorrect. I work in procurement/supply chain. You would be shocked at how much various raw material has increased in price over the last few years. Some of it is the rarity of certain metals and other Covid related issues. Others I’m sure is other companies gouging us.

GenericHuman-9 t1_issz9rj wrote on October 18, 2022 at 2:09 PM

Yup! I work in manufacturing of servers and NAS systems and there has been significant delays on many different parts due to worldwide shortages. It’s been going on for 2 years and will continue until at least mid 2023.

twerkallknight t1_issx24r wrote on October 18, 2022 at 1:53 PM

There has been an absolutely massive increase in the cost of obtaining raw materials. Also, containers cost 4-5x as much as they cost 2 years ago.

Bafw t1_isszlda wrote on October 18, 2022 at 2:11 PM

You are actually incorrect. Container costs have been dropping rapidly on most routes. Many are on late 2020 levels.

Source

twerkallknight t1_istn3cd wrote on October 18, 2022 at 4:49 PM

I work for one of the largest import brand in the US. We still have freight surcharges on all goods because of how expensive containers are for us. Your source literally shows how expensive costs got. The person I was responding to said there had been no cogs increases.

JackIsBackWithCrack t1_issz3li wrote on October 18, 2022 at 2:08 PM

r/confidentlyincorrect

rosesandtherest t1_isswek3 wrote on October 18, 2022 at 1:48 PM

Technically l, if inflation is 20% and corporations report 20% earnings growth, they’re on break even by buying power despite record profits.

doctorweiwei t1_issxq5f wrote on October 18, 2022 at 1:58 PM

The goal of the corporation is always to maximize profits. The notion that randomly in the past few years corporations got more “greedy” is hilarious. It’s just a politician talking point to deflect away from the economical context they set up