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Greedflation is the term describing inflation way over and above what it should have been. Profits are not dwindling, they are better than they’ve ever been ac
by wredue 3y ago
Greedflation is the term describing inflation way over and above what it should have been.
Profits are not dwindling, they are better than they’ve ever been across most sectors. In addition, corporate ability to hide profit has been growing.
- donatj 3y agoI think you just misunderstand how bad inflation really is. Costs have risen by conservative estimates 18.7% since 2020. When your money is worth 18.7% less, anything less than an increase in "profit" of 18.7% dollar value is actually a loss because the value of the numbers has changed.
- wredue 3y agoDude no. Profit is represented as a portion of revenue, not inflation. If profit margin growth had to match inflation, then eventually, a company would be expected to have higher profit than revenue, which obviously makes no sense.