1137
Explaining the inflation rate
(lemmy.world)
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 20 Aug 2024
1137 points (98.6% liked)
People Twitter
4809 readers
878 users here now
People tweeting stuff. We allow tweets from anyone.
RULES:
- Mark NSFW content.
- No doxxing people.
- Must be a tweet or similar
- No bullying.
- Be excellent to each other.
founded 1 year ago
MODERATORS
Right, but the messaging doesn’t teach consumers that, it’s just “I’ll lower prices, vote for me!” But regardless, the fact that corporations are so driven towards quarter over quarter growth and immediately fail upon needing to lower prices demonstrates how broken the free market is
In another 20 years business school is going to be SUPER easy.
One class: Number Must Go Up Always.
Lesson 1: Number go down? Fire as many people as possible that aren't executives.
Lesson 2: Number still go down? Cut quality.
Lesson 3: Number stillllllll go down? Buy competition, repeat lesson 1 and lesson 2.
Profit.
Sadly it seems that’s business school now, as that seems to be the playbook of every MBA that moves into a leadership role
Economics 101 has taught the supply/demand curve forever. Really it's the barriers to entry lesson that's much more important.
It's rare that prices are based on costs. We're not Amish. Prices are based on what companies can get you to pay and how easy it is for them to prevent too much competition. (If it's just a little competition, all sides will implicitly agree that higher prices are better for all of them).
fucking amen. If supply and demand was actually followed then we wouldn't hear this "No OnE WaNtS tO wOrK!" bullshit, they'd properly raise wages since theres a SHORTAGE of workers for them and they have a DEMAND.
but nope. that "law" only applies when they want it to.