Thinktank report says ‘resounding evidence’ shows companies continue to keep prices high even as their inflationary costs drop
  • spider@beehaw.org
    0·
    8 months ago

    When the media first mentioned inflation, everyone appeared to hike prices in lockstep, most likely because they thought this gave them cover.

    • Midnitte@beehaw.org
      0·
      8 months ago

      Also from CEOs just copying behavior.

      You saw it with the recent tech layoffs - “well if Google thinks they need to lay off people, maybe we should lay people off - they must know something we don’t”

      • spider@beehaw.org
        0·
        8 months ago

        “well if Google thinks they need to lay off people, maybe we should lay people off - they must know something we don’t”

        They’re racing each other to the bottom.