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It's not "Inflation". It's straight up wage theft by the rich. They're jacking up prices and blaming (hand-wave) Inflation to extract more profit. And no, worke
by noasaservice 4y ago
It's not "Inflation". It's straight up wage theft by the rich. They're jacking up prices and blaming (hand-wave) Inflation to extract more profit. And no, workers wages being bumped up to $15/hr is no excuse. Look no further than the profits.
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"Workers around the world: lost $3.7 trillion in the pandemic
Billionaires around the world: gained $3.9 trillion in the pandemic
It's the biggest one-year wealth transfer in history, yet somehow barely anyone is talking about it."
https://twitter.com/danpriceseattle/status/1375189204125114371?lang=en https://twitter.com/danpriceseattle/status/13751892041251143...
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Iron Mountain CEO says he's been 'praying for inflation' because it means he can raise prices
https://www.businessinsider.com/ceo-praying-for-inflation-raise-prices-boosts-profits-interest-rates-2022-9 https://www.businessinsider.com/ceo-praying-for-inflation-ra...
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Leading grocery chains such as Kroger (KR) and Alberstons have said in recent days that they expect to benefit from rising prices. Sales boomed at these chains and other grocers during the early stages of the pandemic, but have slowed down in recent months as more people return to eating meals out.
“Our business operates the best when inflation is about 3% to 4%,” Kroger CEO Rodney McMullen said on an earnings call with analysts Thursday. “A little bit of inflation is always good in our business.”
https://www.cnn.com/2021/06/18/business/grocery-store-inflation-kroger-albertsons/index.html https://www.cnn.com/2021/06/18/business/grocery-store-inflat...