What is an average person living in the US supposed to do about corporations raising prices?
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.
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Are you familiar with price elasticity of demand? If they have to pay a larger share of their wealth, they will buy fewer. If houses cost $100, couldn't you think of reasons to buy more than one, where you wouldn't if houses were priced within what you could afford but much more expensive than that?
IMO the distinction between income and wealth inequality is very important here. Income inequality is about jobs, wealth is about accumulated capital.
Yes, but again, there isn’t enough supply for everything you are saying to be the problem. It’s Supply supply supply.
Saying "supply" three times in a row isn't an argument that other factors are not also relevant.
Supply is the singles biggest factor is all
Well I don't disagree with that really