LogFAQs > #974730866

SinisterSlay posted...

It contributes

It does more than contribute. If rising prices were actually caused by low-level wage increases, with prices increasing just as much as they needed to cover those increases, you wouldn't see purchasing power at the top go up. It would either stay the same or go down (in the rare case that an executive says "I have enough money, I can take a hit for our workers' well-being and to avoid straining customers too much"). Instead, you get corporations boasting about record profits, then turning around and whining about how inflation means they need to jack up their prices (while also not actually increasing wages in many situations, since minimum wage is still pretty stagnant).

Inflation is an excuse. Yes, it's happening, but the price increases you're seeing and struggling with are a product of corporations knowing that "we have to increase our prices due to inflation" is something the vast majority of people will accept without knowing exactly how much of the increase is legitimate and how much is just seizing the opportunity to rip people off.