Lots of companies playing on two fronts to maximise their earnings.
On one side they try to excuse not giving raises, laying of employees.
On the other side they use it to increase their prices.
This would be fine if not for the fact they usually actually increase, not decrease their margins.
General public is inept financially and does not understand we are being lied to.
Even assuming there exists an economic downturn (which I do not believe there genuinely is one), it is not fine to complain about it when all you do is shift all the costs to the next person.
I think current situation can be best explain as a series of excuses going viral between corporate C level execs. "They did what?! I guess if they got scott-free... what's stopping us from doing it?"
Humans are great at responding to situations they're in the middle of, and awful at doing anything about problems a few layers of abstraction above their everyday life. Corporations have departments to get around this problem, the average person doesn't.
On one side they try to excuse not giving raises, laying of employees.
On the other side they use it to increase their prices.
This would be fine if not for the fact they usually actually increase, not decrease their margins.
General public is inept financially and does not understand we are being lied to.
Even assuming there exists an economic downturn (which I do not believe there genuinely is one), it is not fine to complain about it when all you do is shift all the costs to the next person.
I think current situation can be best explain as a series of excuses going viral between corporate C level execs. "They did what?! I guess if they got scott-free... what's stopping us from doing it?"