36
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 21 Aug 2023
36 points (100.0% liked)
Hacker News
14 readers
2 users here now
This community serves to share top posts on Hacker News with the wider fediverse.
Rules
0. Keep it legal
- Keep it civil and SFW
- Keep it safe for members of marginalised groups
founded 1 year ago
MODERATORS
From 2022, but I've seen similar recently. Wages have been blamed as the major driver of inflation for years now, yet spending power is down for most over the same time frame. And workers are still the bad guys for reacting to the fatter profit margins:
"Strikingly, over half of this increase (53.9%) can be attributed to fatter profit margins, with labor costs contributing less than 8% of this increase."
Source.