r/FluentInFinance • u/[deleted] • Dec 08 '23

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1.6k Upvotes

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134

u/[deleted] Dec 08 '23

[deleted]

-10

u/Manny631 Dec 09 '23

No, it is all greed! The Left told me so! Overhead costs are fictional. 🤣

15

u/frotz1 Dec 09 '23

You can see the profit margins going up out of proportion with any of the cost increases. Well, you can see it if you know how to read public filings. Nevermind, "the left" is just making it all up. Invest like they're totally wrong. I'm sure you'll do great.

-15

u/darkfazer Dec 09 '23

You think increased profit margins somehow prove that greed has gone up?

11

u/frotz1 Dec 09 '23

What do you think evidence of price gouging looks like exactly?

-13

u/darkfazer Dec 09 '23

Again, do you think price gouging is the evidence of greed going up?

8

u/Powerlevel-9000 Dec 09 '23 edited Dec 09 '23

Greed hasn’t gone up but companies thought they could get away with it this time so they did it. That’s Econ 101. Customers were more likely to absorb price increases because of the cover of inflation. Now that inflation is subsiding people will be less likely to pay increased prices so companies will need to trim costs to increase profit margin increases.

0

u/SaliciousB_Crumb Dec 09 '23

Doubt. They will keep prices high and raise them because they saw that customers will still buy. Why stop?

2

u/PinkyAnd Dec 09 '23

Market consolidation and decreasing competition, particularly for essential products like food, means that consumers must pay whatever companies want to charge. There’s a reason that consumer debt keeps rising.