@TonyStark @Talkless

#BasicEconomics

Economists are reconsidering how much corporate profits drive inflation : NPR
https://www.npr.org/2023/05/19/1177180972/economists-are-reconsidering-how-much-corporate-profits-drive-inflation#:~:text=Economists%20are%20reconsidering%20how%20much%20corporate%20profits%20drive%20inflation%20In,was%20because%20of%20corporate%20profits.

@Talkless That would make sense if large companies would just raise prices to cover higher costs. But they don’t. They’ve figured out they can raise prices much higher than they need to and people don’t have alternatives. #BasicMath and probably #BasicEconomics

I’m skilled at both.

@TonyStark

"Profits" during #inflation are misleading. It shows "profit" against cheaper inputs.

If you have paid for your inputs (products, materials, etc) $1M before inflation, but during year you see that inputs are getting more and more expensive, you HAVE to rise prices in advace to prepare for upcomming higher invoice for next batch of inputs, because how are you gonna pay $1,2M next time if revenue was only $1,1M (inputs + margin for salaries and other expenses)?

#BasicEconomics

Which would boost the US economy more?
#BasicEconomics

@professorhank
#RisingEconomicTide
#CorporateProfits
#WorkingClass
#BasicEconomics
#WealthInequality
#EatTheRich

@sultmhoor @kyleve

But it has no place.

Elon is out of scope.

Facebook done ducked up and hired too many people to work on unprofitable shit.

Dell, IBM, SAP, Microsoft - less than 5%, this is not news it’s an adjustment.

Don’t fucking include Amazon, they layoff more non-IT than IT.

What’s left? Salesforce and google?

Google is in the same damn boat as Facebook; engineers working on non-profitable shit.

It’s not anti-labor when the fucking labor doesn’t contribute to making revenue.

#basicEconomics