What is the profit margin though? Also compare their profit margin with other industries, such as banking.Haven't you heard? Oil company profits are at record high levels.
You still don't understand that the $600/week was in addition to regular unemployment and that it was paid to people to not work. They were not even required to look for work.I know. It’s a fucking pittance. Minimum wage in Australia is $21.38 from July 1 this year; And very few Australians work for so little.
I understand it; I just don't share your emotional response to it.You still don't understand that the $600/week was in addition to regular unemployment and that it was paid to people to not work. They were not even required to look for work.I know. It’s a fucking pittance. Minimum wage in Australia is $21.38 from July 1 this year; And very few Australians work for so little.
It's not an emotional response. It was a bad policy, and worst of all, it was continued for much longer than even a good expanded unemployment scheme due to the pandemic should have continued for.I understand it; I just don't share your emotional response to it.
You are so horrified by the idea of anyone getting something for nothing, that you cannot truly grasp the possibility that a reasonable and sensible person might think there's nothing wrong with it.It's not an emotional response. It was a bad policy, and worst of all, it was continued for much longer than even a good expanded unemployment scheme due to the pandemic should have continued for.I understand it; I just don't share your emotional response to it.
It, and other pandemic policies that had long overstayed their welcomes, caused a great deal of the inflationary pressure we have been seeing.
Benchmark gas prices in Europe have averaged $34.06 per million British thermal units (mmBtu) so far in 2022 compared with $29.99 in Asia and $6.12 in the United States .
That compares with average 2021 prices of $16.04 in Europe, $18.00 in Asia and $3.73 in the United States, data showed.
“The cargoes are going to go where the market demands it will go,” said Ed Hirs, an energy economist at the University of Houston.
This is the pandemic economics version of adults blaming their parents. Inflation has been caused by a tremendous amount of things and it keeps shifting. The one thing not contributing to inflation today... stimulus support 18 months ago.It's not an emotional response. It was a bad policy, and worst of all, it was continued for much longer than even a good expanded unemployment scheme due to the pandemic should have continued for.I understand it; I just don't share your emotional response to it.
It, and other pandemic policies that had long overstayed their welcomes, caused a great deal of the inflationary pressure we have been seeing.
This is anathema to The American Way, rooted as it is in post-medieval Christianity, which holds that hard work and suffering are both desirable and virtuous. They are neither.
This is anathema to The American Way, rooted as it is in post-medieval Christianity, which holds that hard work and suffering are both desirable and virtuous. They are neither.
I mean, some people pay a lot of money to have people make them suffer and it's all deliciously "unchristian".
Inflation on how the overinflated inflated his underwhelmingly inflatable inflatable.This is anathema to The American Way, rooted as it is in post-medieval Christianity, which holds that hard work and suffering are both desirable and virtuous. They are neither.
I mean, some people pay a lot of money to have people make them suffer and it's all deliciously "unchristian".
I have no personal experience, but I think voluptuous blond sadists were available in San Francisco 1990 for $100/hour. What's the rate now? (Has the rate been rising recently? — this IS the inflation thread.) How does demand for such services vary among countries?
As a percentage of entertainers which countries have the highest portion of professional sadists? Is it, once again, some of the Anglophone countries?
There is some controversy about the alleged "pee-pee tapes." Why do they give Putin a strong hold on his asset? Is it because Mr. Trump, after all, really prefers sadists? (See how Melania slaps him; Stormy reportedly hit him with a magazine.) He fears that some supporters would see his preferred sex play as unmanly.
Along with critical race theory, “wokeness,” the deep state, and other recent conservative obsessions, it appears we can now add the basic language of economics to the list of things Republicans have decided to go to war on.
Take the latest round of inflation statistics. On Wednesday morning, the U.S. got its first bit of truly good news about the rising cost of living this year. The Consumer Price Index, which has been surging in recent months, remained essentially flat in July. That was largely thanks to tumbling gas prices, which canceled out rising costs elsewhere. (Technically, the index actually declined a tiny amount, but the change rounded to zero.)
Boy oh boy. If republicans ain’t got inflation to beat Joe up about come November, what do they got?
The price of frozen chicken wings at Kroger has been $14 for 2.5 lbs. Today they are under $7.Boy oh boy. If republicans ain’t got inflation to beat Joe up about come November, what do they got?
The price of chicken is going down too so that's off the list.
A measure of US profit margins has reached its widest since 1950, suggesting that the prices charged by businesses are outpacing their increased costs for production and labor.
After-tax profits as a share of gross value added for non-financial corporations, a measure of aggregate profit margins, improved in the second quarter to 15.5% -- the most since 1950 -- from 14% in the first quarter, according to Commerce Department figures published Thursday.
The data show that companies overall have comfortably been able to pass on their rising cost of materials and labor to consumers. With household budgets squeezed by the rising cost of living, some firms have been able to offset any slip in demand by charging more to the customers they’ve retained -- though others like Target Corp. saw their inventories swell and were forced to discount prices in order to clear them.
The surge in profits during the pandemic era has fueled a debate about whether price-gouging companies carry a share of the blame for high inflation -- an argument pushed by President Joe Biden’s Democrats. Most economists have been skeptical about the idea.