rbreich , 2 months ago In Q4 of 2023, corporate profits reached $2.8 trillion. That's an all-time high. And profit margins for corporations were above 15 percent — a level not seen since the 1950s. Prices remain high because corporations got hooked on price-gouging and don't want to give it up.
In Q4 of 2023, corporate profits reached $2.8 trillion.
That's an all-time high.
And profit margins for corporations were above 15 percent — a level not seen since the 1950s.
Prices remain high because corporations got hooked on price-gouging and don't want to give it up.
Runyan50 , 2 months ago @rbreich So why aren’t our elected officials screaming to high heaven? Why is Biden OK with this?
@rbreich So why aren’t our elected officials screaming to high heaven? Why is Biden OK with this?
InfoMgmtExec , 2 months ago Criminal #Profiteering. @rbreich
Criminal #Profiteering. @rbreich
FlotteBiene86 , 2 months ago @rbreich And if profits drop (or there is a risk that they might drop in the next months), and going on with bloating up the prices again might backfire and end in fewer sales, the corporations just throw out thousands of workers to "cut costs".
@rbreich
And if profits drop (or there is a risk that they might drop in the next months), and going on with bloating up the prices again might backfire and end in fewer sales, the corporations just throw out thousands of workers to "cut costs".
zachvat , 2 months ago @rbreich Hello, Walmart!
Hello, Walmart!
JozefSabol , 2 months ago @rbreich I generally don't doubt what you say, but if we have a reference, it will carry more weight with others. Thank you.
@rbreich I generally don't doubt what you say, but if we have a reference, it will carry more weight with others. Thank you.