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Half of recent US inflation due to high corporate profits, report finds
(www.theguardian.com)
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this post was submitted on 19 Jan 2024
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It is not accurately "pure profit," but this is a post that is so common sense and dead on that quibbling on that detail misses the point.
The question is: why would they reduce costs if they're being paid? People being mad about it doesn't affect their bottom line unless it actually affects their bottom line.
It's more profitable to keep up the misery and take the gain until forced to change then apologize and change. It's free money. Why would they charge less if they can make money charging more? There is no incentive for them to bring down their own profit margins just because people don't like it.
Hopefully the knowledge can affect their bottom line. Consumer sentiment affects spending habits. If people know they're being gouged instead of just feeling like it, maybe they'll curb their non-essential spending enough to put downward pressure on prices.
Maybe not, but it can't hurt.
Indeed, people are actively giving them the excuse. It's more important to paste your clever "I did this" sticker than it is to ask why oil companies have posted record profits the past couple years.