They keep raising prices, stating that it’s due to inflation, but then they keep having record profits.
Meanwhile, the average American can barely afford rent or food nowadays.
What are we to do? Vote? I have been but that doesn’t seem to do much since I’m just voting for a representative that makes the actual decisions.
You’re not wrong that it’s the profit margin that tells the story, and you can’t tell just from the nominal amount alone.
But average profit margins in the United States have reached a record high percentile not seen since the 1950’s. So it’s not just the dollar amount that’s gone up for corporations, it’s the margin percent that’s gone up too.
https://www.bloomberg.com/news/articles/2022-08-25/us-corporate-profits-soar-taking-margins-to-widest-since-1950