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Posted on 12/14/23 at 11:34 am to whatiknowsofar
quote:
I'm literally asking for a source. Any fricking source. And still have not been given one
you're asking for a source on "proper" and "not proper" pricing? Am I getting that right?
Countless people in this thread have talked to you about input costs including labor, the overall rate of inflation, McDonald's YoY revenue and their profit margins...that is ALL the source info you need.
This post was edited on 12/14/23 at 11:37 am
Posted on 12/14/23 at 11:36 am to upgrayedd
quote:
. And many fast food chains like McDonald’s are using this as an opportunity to increase their prices once again
These idiots have no idea how markets work.
But that dont stop them from commenting.
Posted on 12/14/23 at 11:37 am to Chucktown_Badger
quote:
you're asking for a source on "proper" and "not proper" pricing? Am I getting that right?
No, I'm asking for a source that sites businesses cost raises, ceo profits, employee wages, cost of doing business, etc. that lists all data and can explain essentially what we're talking about.
Posted on 12/14/23 at 11:38 am to RogerTheShrubber
quote:
"Raise pay but you cant raise prices!"
Its like raising property taxes and people who rent think that the increased costs wont be added to their lease.
Posted on 12/14/23 at 11:39 am to goofball
Bring on the robots.
Posted on 12/14/23 at 11:39 am to LNCHBOX
quote:
my stupid arse could figure it out, what's stopping you Plenty of people have answered you
Not with what I've asked for.
And just to recap, I disagreed with you and others about inflation, you disagreed with me and asked me for a source, I then admitted that I may be wrong and asked for you to site a source, and you have not done so and doubled down.
Posted on 12/14/23 at 11:39 am to whatiknowsofar
quote:
No, I'm asking for a source that sites businesses cost raises, ceo profits, employee wages, cost of doing business, etc. that lists all data and can explain essentially what we're talking about.
All the info you need is already here. You just refuse to acknowledge the clear finding, because you so desperately want to hold onto the belief that these evil companies are behind inflation.
quote:
I disagreed with you and others about inflation
There's nothing to disagree about, you are/were just wrong.
This post was edited on 12/14/23 at 11:41 am
Posted on 12/14/23 at 11:43 am to whatiknowsofar
quote:
No, I'm asking for a source that sites businesses cost raises, ceo profits, employee wages, cost of doing business, etc. that lists all data and can explain essentially what we're talking about.
Did you not take economics in college? Macro and micro used to be required GERs.
Inflation affected prices of labor and materials, which affected prices beyond just labor increases.
There is no manual or link to "proper or improper" price rises.
Posted on 12/14/23 at 12:05 pm to whatiknowsofar
quote:
am totally shocked that this thread has turned into a conservative circle jerk while they continue to get fricked in the arse by these corporations just like everyone else.
I bet the next thing yall will say is corporations don't control inflation lol
I thought the left loved corporations the last few years?
You've been thoroughly destroyed in this thread. Back to Pels talk you emotional wreck
Posted on 12/14/23 at 12:14 pm to whatiknowsofar
quote:
No, I'm asking for a source that sites businesses cost raises, ceo profits, employee wages, cost of doing business, etc. that lists all data and can explain essentially what we're talking about.
This is Finance 101
Posted on 12/14/23 at 12:27 pm to whatiknowsofar
I think the point you missed is that these "record profits" are not adjusted for inflation to 2023 dollars. As a pure dollar amount, yes the profits seem to outpace rising costs, but adjusted for inflation they are holding steady / slightly declining compared to pre-covid and the influx of trillions of dollars into the money supply which has devalued the currency.
I'm honestly unsure why you are being so obtuse. It is not political and it is not opinion.
ETA - I made the mistake of arguing a point under your terms. I personally do not care if profits have increased. Good for them and their investors. They should charge as much as they can for their product and if people are still willing to buy, that is not greed. They are exchanging value for value in a free market. I don't eat there because I don't see value in their food at any price. When people stop paying $4.00 for a large french fry then they will have to make adjustments to their business model / pricing strategy or else.
The issue is that you make the same mistake that most Marxists make. You see the value of an item as the sum total of all inputs into that item - the material, labor, etc. The truth is that value is subjective and not within the item itself. It is in the mind of the consumer. If I value the large fry more than I do $4.00 then I will make the exchange. McDonalds values the $4.00 more than the large fry. We then both get something of more value and therefore become richer for the exchange.
If you see the value as just being the various inputs and material costs of the item, then you have assigned a value to the item that is rigid and that can then be argued is "unfair" or "the result of corporate greed" and that is entirely wrong.
I'm honestly unsure why you are being so obtuse. It is not political and it is not opinion.
ETA - I made the mistake of arguing a point under your terms. I personally do not care if profits have increased. Good for them and their investors. They should charge as much as they can for their product and if people are still willing to buy, that is not greed. They are exchanging value for value in a free market. I don't eat there because I don't see value in their food at any price. When people stop paying $4.00 for a large french fry then they will have to make adjustments to their business model / pricing strategy or else.
The issue is that you make the same mistake that most Marxists make. You see the value of an item as the sum total of all inputs into that item - the material, labor, etc. The truth is that value is subjective and not within the item itself. It is in the mind of the consumer. If I value the large fry more than I do $4.00 then I will make the exchange. McDonalds values the $4.00 more than the large fry. We then both get something of more value and therefore become richer for the exchange.
If you see the value as just being the various inputs and material costs of the item, then you have assigned a value to the item that is rigid and that can then be argued is "unfair" or "the result of corporate greed" and that is entirely wrong.
This post was edited on 12/14/23 at 12:43 pm
Posted on 12/14/23 at 12:35 pm to lazlodawg
quote:
It is not political and it is not opinion.
Progressives get defensive when their stupid ideas are exposed as stupid. Then, when called out on them, this is how they respond. Classic SOP for a leftist.
Posted on 12/14/23 at 12:37 pm to whatiknowsofar
A company should be able to charge whatever the frick they want to charge because NOBODY is forcing someone to buy their product. If you don't like it don't buy it, it's that simple.
Posted on 12/14/23 at 12:39 pm to lazlodawg
quote:
think the point you missed is that these "record profits" are not adjusted for inflation to 2023 dollars. As a pure dollar amount, yes the profits seem to outpace rising costs, but adjusted for inflation they are holding steady / slightly declining compared to pre-covid and the influx of trillions of dollars into the money supply which has devalued the currency.
Ok, if that's the case then I'm wrong and I do apologize for arguing earlier. I still don't think I'm wrong for asking for a source showing this.
Posted on 12/14/23 at 12:42 pm to EZE Tiger Fan
quote:Bail who out of what?
It is OK though, Pedo Joe will somehow bail them out!
Posted on 12/14/23 at 12:44 pm to whatiknowsofar
Please see my edit above. Sorry it took so long to type out.
Posted on 12/14/23 at 12:46 pm to lazlodawg
quote:
The issue is that you make the same mistake that most Marxists make. You see the value of an item as the sum total of all inputs into that item - the material, labor, etc. The truth is that value is subjective and not within the item itself. It is in the mind of the consumer. If I value the large fry more than I do $4.00 then I will make the exchange. McDonalds values the $4.00 more than the large fry. We then both get something of more value and therefore become richer for the exchange.
If you see the value as just being the various inputs and material costs of the item, then you have assigned a value to the item that is rigid and that can then be argued is "unfair" or "the result of corporate greed" and that is entirely wrong.
So well said. Who have we heard making the argument in that last sentence ad nauseum the last few years?
The people in power are NOT capitalists. They're just flat out saying it now.
Posted on 12/14/23 at 12:47 pm to whatiknowsofar
Chicken should change your name to whatidon'tknowsofar
Posted on 12/14/23 at 12:54 pm to lazlodawg
quote:
Sorry it took so long to type out.
All good man. Thanks for the education. I appreciate it, my opinion has changed, and again, I do apologize for how I argued earlier.
This post was edited on 12/14/23 at 12:55 pm
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