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Topic | Why do prices on everything keep going up |
DragonClaw01 07/09/23 9:31:25 PM #38: | adjl posted... Except that's not what's happening at all. In terms of actual purchasing power, the middle and lower class have been progressively getting poorer than they ever were, with no recent noteworthy increases in purchasing power that can be cited as causing inflation. At no point has a majority of Americans been in the position of having more money than they can spend, which is the phenomenon to which you're referring (surplus money=willing to spend more=companies charge more). The only ones getting richer are those that are already rich, who boast about record profits then in the same breath claim that they need to increase prices to stay solvent in the midst of such rampant inflation.We've had high fuel prices before. While it does hurt the economy and cause inflation, it has never caused inflation to this level. Corporate greed is an ever constant. What isn't constant is a global pandemic that shuts down the whole economy and trillions of dollars in aid to try to support the economy. The inflation started during the recovery. Deny it all you want, but it is beared out by the stats. They called in transitory in Q1 2021, but it obviously stayed. --- <('.'<) <(^.^)> (>'.')> Splendiferous ... Copied to Clipboard! |
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