Why is everything in consumer / American life so fucking shitty now - and companies literally just say 'oh bc profit margins' and we're now expected to swallow that and sympathize?
CanadaPlus @ CanadaPlus @futurology.today Posts 2Comments 429Joined 2 yr. ago
CanadaPlus @ CanadaPlus @futurology.today
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It's a pretty complicated economics question why inflation is happening. They're working on it by adjusting interest rates, I guess.
As for why the average American isn't doing so well, it's basically the rich getting richer while the poor get poorer. If this same inflation was happening with a 70's distribution of wealth (and IIRC it actually did) it wouldn't be fun but it wouldn't be pushing so many people to the brink, either.