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Loblaws credits record profits to “raising prices on things humans need to live”
(www.thebeaverton.com)
this post was submitted on 16 Nov 2023
238 points (97.6% liked)
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Not sure if it's just me, but I feel like companies have had it so good for so long that they're starting to push the limits just to see at what point society breaks down.
Especially during/after the pandemic, some of the things corporations have been doing just seem so incredibly brazen in their greed. From Loblaws et al, to the various social media companies, it's like the mask is off at this point.
Not to say these corporations weren't squeezing us before, just that it feels like they used to try harder to hide it.
That was the perfect time to do a test run, prices could be raised and the blame put on 'supply chain.' Now they know that there are minimal social/economic repercussions to gouging, businesses can fine tune prices to the absolute limit of human tolerance.
The same with wages, the majority of people are on such shakey ground that they will accept terrible wages because the alternative is homelessness.