"If a company can use some external shock to justify a price increase, they may also be able to expand profit margin. The result is that inflation today is being driven by an unusual degree of profit
margin expansion."

"For example, widespread reports of rising agricultural prices
allow supermarkets and restaurants to raise the price of
food. Years of careful advertising by food producers and retailers have convinced consumers that we live in some kind of rural idyll, where the cost of food is mainly about the farmer. In fact, the farmer gets a tiny share of the price we pay as consumers."

"Lurid tales of shortages and delays are just the sort of sensationalism that serve as clickbait—the media has effectively boosted the stories that companies want to tell. But it is also true that social media can increase the power of consumers to fight back against price increases that are perceived as unfair."

These words are not from an average angry citizen. They are from Paul Donovan, Chief Economist at UBS, the biggest swiss bank.

F*cking amazing!
I think I am in love. :anarchoheart3:
With a bank 😂

https://www.ubs.com/global/en/wealth-management/insights/chief-investment-office/market-insights/paul-donovan/_jcr_content/mainpar/toplevelgrid_1847870123/col1/teaser_826301810_cop/linklist/link.0905296706.file/PS9jb250ZW50L2RhbS9hc3NldHMvd20vZ2xvYmFsL2Npby9tYXJrZXQtaW5zaWdodHMvZG9jL3doYXQtaXMtcHJvZml0LWxlZC1pbmZsYXRpb24tbWFyY2gtMjAyMy5wZGY=/what-is-profit-led-inflation-march-2023.pdf

#Inflation #Economy #Economics #UBS #CreditSuisse #CorporateGreed #Money #boycott #LivingCost #Prices #price #CostOfLiving

Very hard to stop this kind of development. The short term answer is to import huge amount of cheap labor from abroad.
Unfortunately the Thai middle class has already become lazy and spoiled. They would NEVER take these jobs. So, one will be stuck with a huge foreign work class.
One impact might be the famous streetfood will slowly disappear, as most is cooked for local workforce..

#bangkok #travel #thailand #livingcost #labor #cheaplabor

https://www.bangkokpost.com/thailand/special-reports/2476629/fleeing-back-to-the-provinces?fbclid=IwAR2Z5KMZrNhuB1yWr3-V1G2KPf4gfcAuis4ryv8cjz41ToIjJ8taETcAKZU

#UK benefits fall short of minimum #LivingCost by £140 a month, charities say - https://www.theguardian.com/society/2023/feb/26/uk-benefits-fall-short-of-minimum-living-cost-by-140-a-month-charities-say #ToryPoliciesInAction