3 ms·
I didn't pull that number out of the air, but from the attached paper. I disagree with your second comment in that your position suggests any criticism of the r
by anigbrowl 2y ago
I didn't pull that number out of the air, but from the attached paper. I disagree with your second comment in that your position suggests any criticism of the rich is unwarranted. The startling upward transfer of wealth pursuant to the pandemic, for example, is a rather stark illustration of a particular social group exploiting a general tragedy for profit.
https://siepr.stanford.edu/news/qa-how-pandemic-savings-are-trickling-super-rich https://siepr.stanford.edu/news/qa-how-pandemic-savings-are-...
Consider the recent phenomenon of 'shrinkflation', where consumers are sold a lower volume of a commodity product for the same price they were paying previously. I find this interesting because it's not a pure supply-and-demand situation where the price of a bulk good changes and you get less product in a box or bottle; companies have to invest money in changing packaging and retooling their production lines. In other words, they choose to spend money on concealing the change in value proposition, whereas if cost inflation was the only economic factor they'd keep selling the same product but raise the price.