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Rant / Opinion
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Inflation and “greedflation” have been hot topics in the US in the last few years. Yet, despite the less fortunate among us and their increasing struggles to afford every day life, the continued march toward higher prices and wider profit margins continues.
Home prices are up 47% since 2020, new car prices 29%. But even if you are already a home owner or have paid off your vehicle, price of ownership continues to rise through higher premiums and maintenance costs.
American’s post-pandemic savings are dwindling, putting many “luxuries” as simple as groceries out of reach. But wait… what about the profits?
Luckily America concentrates it’s wealth at the top. While tech-workers are not always the top percenters, they do rank high in the top 1–5% by yearly income.
Corporate America has reached peak extraction in the lower classes, and needs a new frontier to drive corporate expansion.
The pulse of social media may feel like we’re nearing an end-state on the sustainability of corporate greed, but they’re wrong. They can’t see what corporate America sees in their market research. The sizable opportunity to extract wealth from the top 1–5% of earners into the hands of the sub-1%.
But this is a war on two fronts.
Corporations hate engineering capex. AI tools are their glimmer of hope to slash wages, RIF high-cost individuals, and lower wages through a more competitive labor market cyclicly driven by layoffs.
…
But it’ll all be okay. Just breathe deep, and think of the profits.
