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last one: the problem would not arise if salaries also increased proportionally.
ReplyDeleteThe last one, seems to explain just where inflation is coming from! Oppportunistic individuals and Boards increase selling prices at the mere though of paying employees more (for whatever reason). Granted they are supposed to be fiduciary and think about their investors first, but some form of SOCIAL RESPONSIBILITY should kick-in too. Somewhere, though, As the TOTAL affect of their price increases are considered. National Pride in helping the country rather than a handful of people?
ReplyDeleteReal estate developers, who pat themselves on the back for what they do, are some of the worst opportunists! Buying vacant land for $10K an acre, then re-selling it for $100K/acre is an example. sure, they have to put in the road and such, plus the entry gate to the project. Is this where cheap interest rates and "wealth building" have gotten us . . . over-priced residential real estate? Which CAN trickle-down into the building trades and supply chains MORE than any "tax cut" ever could.
I believe the dems should stress that high prices are more the result of corporate greed than inflation. The whole world experience inflation during and after the pandemic but the repubs blame President Biden.
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