Corporate greed LOL....
Corporate greed LOL....
Ivermectin Man
Want to know a big reason? Supply of workers due to illegal immigration driving down the wages of everyday americans not in white collar jobs.
Natural Immunity Croc
Basically everything privately owned (food, clothing, technology, etc)... have collapsed in price due to free market dynamics.
What has exploded? healthcare, education, housing... basically everything the government heavily subsidizes
but the bot has his software... "corporate greed!!!!!"
"I can't fix my life, but I can fix the world" said the socialist
Stockholm, more densely populated than NYC - sturg
What on earth does CEO pay have to do with rising costs?
the Democratic Party is so lucky to have these people
let's look at Walmart CEO... he has a salary of $1.3M (most of his comp is based on stock performance).
Walmart sells ~$600B in goods every year.
Zito's contention is that his salary is a meaningful indicator of costs of goods. Imagine how much cheaper everything would be if he took a zero salary!!!!
lol the Democratic Party is so very lucky to have these people!
"I can't fix my life, but I can fix the world" said the socialist
Capitalism (in this country at least) has evolved into industries that are more concentrated (a few big players) and less competitive. Relative to Europe (where anti-trust laws have been more effectively enforced) prices for a variety of products have increased (and supply shifted down) as a result of this shift toward more concentrated industries where firms have a certain amount of monopoly power.
This is documented exhaustively by Thomas Philippon in his book "The Great Reversal: How America Gave Up on Free Markets."
Last edited by nsacpi; 08-11-2022 at 04:38 PM.
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
One consequence of the increase in market concentration and monopoly power has been an increase in corporate profits as a share of the economy.
During the second half of the 20th century, corporate profits were 6-7% of GDP.
During the last two decades they have been around 10% of the GDP and the upward trend still appears to be intact.
Less competitive markets are great for capitalists and CEOs. Not so good for workers and consumers.
"I am a victim, I will tell you. I am a victim."
"I am your retribution."
Not a good look for the 19th amendment
The best way to stop a bad guy with a gun is to make sure he doesn’t get a gun.
"nobody is pro abortion!"
A huge victory for women.
I read through the first couple pages of this thread and it made me nostalgic. 5+ years later and the folks marching can’t even define what’s a woman.
They would march about it but then society would shut down