I think corporations learned some very dangerous lessons from the pandemic.
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The demand for essential goods is inelastic. They can charge whatever and people still have to but things, especially food, household products, and a place to live.
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They can understaff and underpay employees, and people will choose to fault people for laziness rather than the deliberate corporate choices that lead to the situation.
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Corporations have built such a large market share so as to have created giant barriers to entry that there is zero competition from new businesses.
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Even larger competitor corporations are happy to wink and nod as you both raise prices, cut staff, and give paltry raises because it just means you both make more money, and so long as you don’t say it out loud, it isn’t collusion.
They already knew these things, they just needed an excuse to not cause too much of an uproar. Egg prices went up by way too much too quickly that even the government, who rarely actually does anything about this sort of thing, started an investigation. Magically the prices dropped by a lot, but unfortunately still higher than it used to be.
Chickens got hit with a bird flu during the start of the pandemic, which made egg prices even higher. A big reason for the drop in price was because the farmers were able to stabilize. It’s probably 50/50 between the fowl epidemic and inflation.
Except egg production didn’t drop all that much: https://www.statista.com/statistics/196096/total-egg-production-in-the-us-since-2000/
It hit one producer and the others decided to jack up their prices as well to take advantage. There’s a reason why they were being investigated.
Hey, I didn’t finish reading #2, but why isn’t my mocha latte ready yet?
It became DIY while you weren’t looking. You have to make it yourself but they provide the supplies. Saves on cost cause now they only need 1-2 people at a time running the store.
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Corporations. Do. Not. Care.
Their incentives go directly against our incentives quite often
Make. Them. Care.
Not sure how exactly, but I was inspired by your assertive capitalization.
Fire does the trick when applied at the right spots.
I’m sure all the pro-life politicians who want to save the poor babies will be very concerned about this and congressional investigations will be forthcoming.
Right?
RIGHT?
narrator no, they were wrong.
Unless there is a way to pin it on Biden they aren’t interested in doing anything.
Nah babies can live just fine with cloth diapers, they’ll just tell you to use those if you’re not motivated enough to hustle for bare essentials
Diapers? Those babies should be shitting into their bootstraps.
The work required of us in an economy like this is obscene. Comparing deals and coupons and dodging scams and trying ti save time while every corpo is trying to waste it. I’m not a mother, yet, but imagine realizing you can’t afford disposable diapers this week and this is the week you have to spend extra hours cleaning and sanitizing cloth diapers. And all the extra stress on top. Thats if you could afford kids in the first damn place.
Because poor people definitely have washing machines.
No, because that’s socialism! Trickle down economics and what not!!
The inflation we are experiencing is artificial
In other news, guillotine futures are up 20% in Q3.
Since the abandonment of gold standard it’s definitely artificial.
Money is made up either way. It doesn’t matter if it’s tied to gold. The value of gold is made up, even if there’s a quantifiable physical amount of it. The problem here is a lack of regulation on capitalism. Or just capitalism tbh.
Feels pretty real to my bank account.
Artificial doesn’t mean imaginary.
Save imaginary money for crypto
Don’t worry the market will regulate itself. /s
Someone should have Robert Reich be their vice president. He could come out every second day and rip into some fucking companies for the shit they do to keep dragging the whole world down.
I didn’t realize Sam Reich’s dad was so cool
I keep waiting for Robert Reich to end up on Game Changer somehow. I want to see the two of them make some shenanigans happen.
Having him deliver the “I’ve been here the whole time” would be incredible haha
So I propose a solution:
We start and fund a non-profit organization designed to produce basic living essentials and sell it at the cost to manufacture, regardless of market pressures. Then we all collectively buy from this non-profit and have a functional means of production legally owned and controlled by the people.
Set up strict rules to ban anyone who has ever worked in any upper management position in any for-profit basic essentials producing company from ever holding any position of power in the non-profit. No one from the corporate world at all. No one from any position in state or federal government. No lobbyists or consultants or members of their think tanks or any of their goons.
Use open source designs for the factories and everyone in the community works together to automate them as much as is possible.
Sounds an awful lot like communism to me.
I’m in.
I’m surprised no one here has organized something like this yet.
I’m sure the ruling class would get rid of it pretty quickly.
How would they go about it, do you think? Is there a legal way such a thing could be shut down?
They banned collective bargaining, they can ban anything
You need a lot of money to start something like this, money that usually comes from investors who are expecting a return at some point. And if it gets started with too little funding, the big competitors can afford to sell at a loss for a while to force it out of business.
Something like this would have to be organized by a government, and consequently won’t happen under capitalism. Because if a government would be willing to go to that length, they could just as easily punish the companies currently profiting of off people’s misery.
Yes this is what I’ve wanted to do for a long time, I think it’s basically inevitable that it’ll happen eventually but an actual effort to make it happen faster would be such a positive thing in the world.
The reason I say it’s inevitable is because design tools are getting consistently better, hardware is cheaper than ever, and ever more useful stuff is being added to the commons. With ai assisted CAD and ai assisted manufacture we’re going to see so many amazing new open source designs getting built.
People are going to start moving away from for-profit designed homegoods like washing machines and printers because they’ll be able to get a community designed and tested product modified to their specific needs and tastes then have that fabricated at whatever local firm or tinkerer you want to give your business to.
the world will end before this will happen. You’d get killed if you tried it. Good luck though.
I don’t really get where the money is coming from.
By selling the products like any other manufacturer? The startup costs are the main issue, but people crowd source things all the time, no reason this couldn’t work in theory.
I’m down
Shareholder primacy is upheld by the state putting every publicly owned company antagonistic to its workers and customers, id est, the public.
This means the companies are forced to charge what the market will bear, and it’s the responsibility of the government to regulate prices to keep things affordable.
But this means lobbying by companies is an attack on the public. (It’s highly profitable to bribe officials and should be illegal. It also means officials who take lobby money are traitors to the public, the nation and their office, whether or not doing so is legal.
So the justification for bullets is there, and has been for several decades. We’re just not very good at seeing when we have nothing left to lose.
I wonder what it would take to convince people to fight for what is right.
Remember this discrepancy every time you hear “they’ll just pass the costs on to the consumer” with regards to regulation and taxes. It works the same way in both directions; the price is based on what you’re willing to pay, not their operating costs.
research “diaper inflation” for more
Do we know who is setting the price higher? Is it more like it’s 6% higher but so is everything else or more of the manufacturer selling to the storefronts at a higher cost thus forcing grocery stores to set the price higher by 6%?
Because it informs who we should be mad at
Manufacturers set minimum prices for their products. Generally, suggested retail price and minimum advertisable price.
An aggregate piece increase percentage vs a production cost decrease percentage would be more useful. Brands shift to higher and lower quality and price brackets, so unless they’re all going up, it’s not much of an issue if you don’t have brand loyalty. But I think it’s likely most all brands of diapers are going up in price since they saw people were willing to pay ludicrous prices for them.
I mean, its pay ludicrous prices or have an unhappy baby with lots of diaper rash issues if they have sensitive skin.
Parents are between a rock and a hard place on that one. Its not like they can magically make their kids stop pooping.
We use some washable diapers, though it’s nasty and a lot of work.
and a lot of work.
Over 60% of the country lives paycheck to paycheck and probably simply doesn’t have the time to do such a thing, despite the obvious environmental benefits.
Yeah, hence why diaper companies probably figure they can charge more.
My reply is blunt, but here it go:
Think people in the Great Depression didn’t have time when they were a razor’s edge from starving? They made it work.
Not saying we should go backwards, but humans are capable of amazing feats if pressed. Necessity, invention, all that.
Employee wage increase? Or is that calculated in operating expenses?
The amount of people making babies is degreasing, but the company must grow
Yes, the CEO needs more baby oil to keep the old gears turning.
OpEx includes all salaries.
yeh critical (since they (electorates in my ciuntry since 1970s) empowered banks with all the investment decisions) that those banks see more short term profit (and balance sheet growth), from business loans to small businesses than mortgages, consumer credit, and AAA large corp debt.
Otherwise any potential regulation fron competition is strangled.
unfortunately banks seem to prefer morgtgages over a productive/competetive economy for some really hard to predict reason . . .
I think it was a big mistake to let commercial banks into morgages, i think consumer credit should be heavily limited, and there should be some small business/local limitations on banks, so that they invest some % directly in diverse competetive economy in the places near to where their creditors live. (I know hard to regulate, but harder than regulating a mutinational bank . . .?)
globalised unregulated banking doesnt seem to help with much to me - unless you live in China maybe.
My ex-favorite tea brands silently cutting 20% of tea bags in the box and raised the price 15%, while keeping the same sized box and make the printed weight and contents smaller and harder to find.
And people call me crazy for getting frustrated.
