Five@slrpnk.net to U.S. News@beehaw.orgEnglish · 8 months agoHalf of recent US inflation due to high corporate profits, report findswww.theguardian.comexternal-linkmessage-square6fedilinkarrow-up11arrow-down10cross-posted to: globalnews@lemmy.zipnews@lemmy.world
arrow-up11arrow-down1external-linkHalf of recent US inflation due to high corporate profits, report findswww.theguardian.comFive@slrpnk.net to U.S. News@beehaw.orgEnglish · 8 months agomessage-square6fedilinkcross-posted to: globalnews@lemmy.zipnews@lemmy.world
minus-squarespider@beehaw.orglinkfedilinkarrow-up0·8 months agoWhen the media first mentioned inflation, everyone appeared to hike prices in lockstep, most likely because they thought this gave them cover.
minus-squareMidnitte@beehaw.orglinkfedilinkarrow-up0·8 months agoAlso 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”
minus-squarespider@beehaw.orglinkfedilinkarrow-up0·8 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.
When the media first mentioned inflation, everyone appeared to hike prices in lockstep, most likely because they thought this gave them cover.
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”
They’re racing each other to the bottom.