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   Nowhere Girl (gwynnion@mastodon.social)'s status on Wednesday, 13-Nov-2024 02:36:34 JST Nowhere Girl

   Something people keep missing with regards to the economy is even those who saw wage gains have seen those gains erased by dramatically higher prices for housing, groceries, and other necessities. The cheapest products, which working poor people rely on, saw prices rise even more. People were shopping around trying to find a job that would let them afford to live. Fast food and cheap consumer goods are also a thing of the past so people can't even enjoy themselves the way they used to.

   • AnthonyJK-Admin repeated this.
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     Nowhere Girl (gwynnion@mastodon.social)'s status on Wednesday, 13-Nov-2024 02:36:34 JST Nowhere Girl

     in reply to

     The vast majority of these price increases are due to corporate collusion and price gouging, not fuel prices or supply shocks.

     Companies have been posting record profits year on year even as they lay off thousands to pad the numbers and people have been forced deep into debt just to keep their apartments and put food on the table. None of these people care about the stock market or soaring house prices / values except as it locks them out of getting a home.