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"fuel and labor expenses are higher now than before the pandemic. “Spot rates are at a level that in the long run are not sustainable, with costs up by 25% to 3
by prng2021 3y ago
"fuel and labor expenses are higher now than before the pandemic.
“Spot rates are at a level that in the long run are not sustainable, with costs up by 25% to 30% since 2019"
We all speak English here and read the same article right? Shipping fees are back to prepandemic levels but operating costs are much higher.
Why doesn't that count as a crisis or as something worth reporting?
- tedivm 3y agoCompanies reach records profits: invisible hand of the market. Wages go up: crisis that could destroy our economy.
- sidewndr46 3y agoI guess the way I've interpreted that is: Company profits go up - economic growth Wages go up - inflation
- Robotbeat 3y agoI wonder if the same folks asking for taxing away those profits are now saying these companies should be subsidized now that they’re losing money. (Kind of doubt it…)
- lukeramsden 3y agoThen the price has to go up. This sounds like… regular market dynamics? It’s still not clear why that’s a crisis?