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Companies Are Serving Notice: We’re Raising Prices Because of Tariffs (www.nytimes.com)

submitted 2 months ago by silence7@slrpnk.net to c/nyt_gift_articles@sopuli.xyz

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[–] flandish@lemmy.world -4 points 2 months ago* (last edited 2 months ago) (1 children)

i want them to prove it. just like with covid price hikes, and standard capitalism’s greed, I don’t believe them. at all.

edit: downvoters - do you think I believe businesses were honest during covid? hell no. why downvote? businesses are all evil. how’s adam smith’s boot taste?

[–] Iheartcheese@lemmy.world 6 points 2 months ago (3 children)

You didn't believe in covid price hikes?

[–] superniceperson@sh.itjust.works 11 points 2 months ago

Companies reached peak profits during the height of COVID, proving that the price increases were not primarily caused by supply issues.

We've seen it more recently with egg prices greatly outpacing actual supply shortages.

'supply and demand' isn't what sets a price, and hasn't been for more than a century. Prices are simply set as high as the market can bear.

[–] flandish@lemmy.world 3 points 2 months ago

i believed they’d hike for profit and pretend it was because of covid… yes.

[–] Ledericas@lemm.ee 1 points 2 months ago

some of the covid prices are sitll on amazon.