Quote:
Originally Posted by peelerec
Right, I understand the overall cost of life is more expensive, but what is the true reason... is it truly that companies are struggling to make livable margins, or have they gone the other way and make exorbitant margins......
I know every industry is different which is why I am ignorant relating to food industry and of the like.
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Corporate profits in almost every industry are at all time highs and officer pay (CEO, CFO, etc) has reached its largest multiplier of low level employee compensation ever.
Companies have been using COVID, inflation, and now “higher wages” to absolutely rape the consumer AND low skilled laborer while taking in more profit and higher margin than ever before.