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You're not addressing the key point - you seem to be saying that corporations are always greedy, but the comment you are replying to is asking why would they be
by ghufran_syed 3y ago
You're not addressing the key point - you seem to be saying that corporations are always greedy, but the comment you are replying to is asking why would they be more greedy now? If "more profit = more greed", is it also true that "less profit = less greed"?
- antisthenes 3y agoThe answer is that if people expect high inflation across the board, it's a good opportunity to raise prices more than inflation, because no one is going to notice 10% vs 13% increase. That's only 1 explanation, but it's a plausible one.
- johnnyanmac 3y agoIt wasn't really an answer so much as a feeling. I don't know why they'd get more greedy now in the 2020s. I've seen enough breadcrumbs otherwise that I could believe they are. If you want my blind guess, the focus on satisfying shareholders simply intensified for the past 15 years or so, accelerated by tech and the need to incorporate it in all industries. That + low interest rates lead to a gold mine for corporate and a shift away from worrying about keeping a war chest as opposed to showing YoY growth. A shift way from retraining talent as opposed to figuring out how to save every penny on labor (the most expensive aspect in the US), regardless of employee satisfaction. There's more supply than ever so why fight for the best? You don't need the best if you lean on tech. But that's just my L theory loosely based on experience and a variety of reading I did over the years.