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> Corporate earnings are through the roof. They’re doing great. The consumer is hanging in there. The labor market is hanging in there. Are we though? Thank g

• petcat 2mo ago
  > "Corporations are people, my friend. Of course they are. Everything corporations earn ultimately goes to people. Where do you think it goes? Whose pockets? Whose pockets? People's pockets. Human beings, my friend." - US Presidential candidate, Mitt Romney, 2011
  • jazzypants 2mo ago
    It's strange how they agree with that statement until it comes time for legal culpability or personal responsibility of any kind.
    • FLeXMurphy 2mo ago
      My friend.
    • amarcheschi 2mo ago
      No they're completely in accord with what they say. You see, if Dupont has a chemical spill who'll suffer the consequences? The people! Human beings /s
  • iwontberude 2mo ago
    [dead]
  • pennomi 2mo ago
    Presumably the concern is that the profits are not fairly distributed among the people in that company - instead corporations are usually a mechanism for wealth accumulation.
• imglorp 2mo ago
  Don't corporate profits depend on the 99% (the poors) spending? If the consumers fail, and stop spending, how long before the corporations feel mildly inconvenienced?
  • tharmas 2mo ago
    Well, actually they have a new model. I call it the "Apple" model. Low volume sales on high value items where you can charge more. Even NVidia has moved to this model: make your money from selling high-end GPUs for Data Centers and forget the low-profit margin (GeForce) GPUs for gamers/consumers. The whole economy is moving to that model for many things.
    • Espressosaurus 2mo ago
      Auto sales, airline ticket prices (notice the expansion of 1st, business, and comfort class seats), etc.
    • BuckRogers 2mo ago
      Apple has low volume sales? You might have picked the wrong company for that example. Nvidia in the consumer market might fit, I would agree there.
      • tharmas 2mo ago
        >Apple has low volume sales? In comparison. Android phones (in total) outsell iPhones because they are cheaper/more affordable. Sure Macs and iPhones may sell more than an individual non Apple brand, but collectively all together, the non-apple brands outsell Apple. But it is certainly true that making high quality products doesn't necessarily mean low sales.
        • bryanlarsen 2mo ago
          Apple has 70% of sales share and 80% of usage share in the US. Your comment is true world-wide, but this thread is about the US.
• ToValueFunfetti 2mo ago
  Could you point to some evidence that we are not? Or at least an anecdote or an opinion on what the issue is or anything at all of substance rather than a provocative question and a bit of snark? What am I supposed to take away from this- I don't even know whether 'we' refers to the consumer or participants in the labor market
  • Helloworldboy 2mo ago
    [dead]