My dude, corporations were putting in their earnings reports for the COVID years that they were having record profits because they were using COVID-based supply disruptions to increase their prices. Even a basic knowledge of economics would lead one to understand that if supply for a good becomes limited, demand stays the same, and profits go up, it could only be because the price of that good has significantly increased as well.
My dude, corporations were putting in their earnings reports for the COVID years that they were having record profits because they were using COVID-based supply disruptions to increase their prices. Even a basic knowledge of economics would lead one to understand that if supply for a good becomes limited, demand stays the same, and profits go up, it could only be because the price of that good has significantly increased as well.
Profits go up per unit, but not necessarily the total amount since you’re moving fewer units
Except corporations were posting record profits. So both profit per unit and overall profitability were increased.
They took advantage of COVID to fleece the public.
If you’ve been paying attention you would have seen that profit margins were going up as well
For some companies, sure.
Intel and AMD, for example, already sold so many computers during the pandemic their profits are down now