• UltraMagnus0001@lemmy.world
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    1 year ago

    More like greed. Inflation because they have record profits, pay their employees less *(relative to inflation )and charge more for their products

    • Rediphile@lemmy.ca
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      1 year ago

      You think inflation is due to record profits?

      And by pay employees less, what do you mean? Like relative to inflation? Or is there a company that actually lowered hourly wages?

      I can sort of agree with the charge more part I guess. But it’s pretty obvious that inflation is largely caused by increasing the money supply. This has been shown repeatedly throughout history and isn’t really debatable unless I’m missing something. It’s sort of like how the more slices you cut a pizza into, the smaller the slices become. Charging more for the pizza, paying the pizza employees less or the pizza company making more money doesn’t impact slice size unless they increase the number of slices or the size of the pizza itself.