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People on HN always seem to cheer about wage increases and liberal fiscal and monetary policies, meanwhile literally every single commodity, product and service
by nodesocket 5y ago
People on HN always seem to cheer about wage increases and liberal fiscal and monetary policies, meanwhile literally every single commodity, product and service they pay for is going up and inflation (according to CPI) is at a whopping 7%. Talk about disconnection from reality.
- kgwxd 5y agoNo one is cheering them because they don't happen. They advocate for them, but it doesn't happen, even when cost and profits are skyrocketing.
- OldTimeCoffee 5y agoThey don't have to raise prices, they're just doing it because they can. They made 1.4B on 7.4B of revenues in their last reported quarter. [0] It's not like these companies that are raising prices are losing money. Netflix is running a pretty consistent 20% profit margin. [0]: https://d18rn0p25nwr6d.cloudfront.net/CIK-0001065280/19cd535a-8c6f-4dc3-b287-49854592a0eb.pdf https://d18rn0p25nwr6d.cloudfront.net/CIK-0001065280/19cd535...