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> Because genuine supply chain problem-induced price increases gave them cover to increase prices on things without supply chain problems. Or maybe the supply
by pitaj 4y ago
> Because genuine supply chain problem-induced price increases gave them cover to increase prices on things without supply chain problems.
Or maybe the supply chain problems bubbled out to affect more and more things? Or maybe there was an actual general devaluing of the currency? Might want to employ a razor here.
> And also because in late 2020/early 2021, it appeared that labor was about to get a bit uppity and wee bit more powerful than it had been, so price increases were a nice preemptive move to deal with upcoming compensation issues.
This reads as "the cabal of big capital got together and decided to raise prices across the board because they were worried about labor power". You realize this makes you sound like a conspiracy theorist right?
- PaulDavisThe1st 4y agoThere's never any need for conspiracies or cabals when the interests of a given group are naturally aligned, and they are not large in numbers. Corporations can behave in their "own interest" and most times, they will find themselves acting in concert, without coordination. > Or maybe the supply chain problems bubbled out to affect more and more things? Shrinkflation is not explained by supply chain problems. My razor is that corporations will generally do whatever they believe they can get away with; "supply chain problems" gave them something approaching carte blanche to reprice anything they wanted.