Friendly reminder that while businesses are screaming blue-bloody murder about inflation hurting them supposedly because of rising fuel/labor costs, corporate p

Friendly reminder that while businesses are screaming blue-bloody murder about inflation hurting them supposedly because of rising fuel/labor costs, corporate profits have gone up more than forty percent after adjusting for inflation. https://www.marketwatch.com/story/inflation-hasnt-been-bad-for-everyone-companies-are-producing-outsized-profits-11661455321 https://www.marketwatch.com/story/inflation-hasnt-been-bad-f... https://www.epi.org/blog/corporate-profits-have-contributed-disproportionately-to-inflation-how-should-policymakers-respond/ https://www.epi.org/blog/corporate-profits-have-contributed-... etc The Fed is hard-selling a lie that inflation is due to supposedly skyrocketing labor costs and low unemployment. It's not. It's the ultra-wealthy jacking prices, squeezing the shit out of their workforces, converting everyone they can to "gig" or "contract" workers, and cheapening their services and products like they're trying to get blood out of a stone. The pandemic caused a stunning jump in concentration of wealth. That's why we have historic numbers of open job positions. The jobs are there, but people don't want them because a)the pay and benefits have been squeezed down to the barest minimums b)the conditions suck c)employers are exceedingly demanding in terms of qualifications. A perfect example would be the status quo in IT and development. Everyone and their mother and cousin wants to hire a Senior DevOps engineer with three pages worth of skills and two decades of engineering or development skills. Forget "ground floor" opportunities, companies aren't even interested in offering 2nd or 3rd floor opportunities, like bringing in traditional IT infrastructure folks and training them in the transition to cloud-based stuff and devops methodologies. Go pop open Indeed and surf a bunch of low-level support positions and look at the CVS-receipt-length list of required skills/technologies and the huge list of responsibilities for a position that probably pays $40k in a lower income rural area to $60k if you're lucky in one of the higher COL metropolitan markets.