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>> And their stock is up 30% in the same timeframe. That's not inflation hitting supply chains, that's just corporate greed You're assuming the stock price ref
by phkahler 4y ago
>> And their stock is up 30% in the same timeframe. That's not inflation hitting supply chains, that's just corporate greed
You're assuming the stock price reflects increased profit. I don't doubt that, but it is not a given. IMHO the stock market has been going up for 20 years due to the 401K plan thing - the highest income people are indiscriminately dumping part of their pay into mutual funds every month. This is part of the reason white-collar jobs were more protected during covid, while hourly folks got told to stay home. If they made people with 401K stop working the market would have collapsed.