Submitted by PleaseThinkFirst t3_10hyvis in technology
underwear11 t1_j5fn6fy wrote
Reply to comment by Slyguybuyfry in What High Tech and Media Layoffs Say About the Economy by PleaseThinkFirst
It's somewhat debated in a chicken and egg way, but at the same time as inflation is getting to the highest levels in a long time, corporate profits are also hitting record highs. It's clear that companies are using the increased demand and "supply chain issues" to take in more profits.
Hawk13424 t1_j5haz6p wrote
Companies always take max profits. The question at this time is why can they take even higher profits. The reason is increased demand.
Slyguybuyfry t1_j5fodoq wrote
So no it’s not. Chicken/egg implies causation. All you have is correlation.
EPI is a sus source to link cuz it’s very left leaning in its bias. Probably why they essentially ignore or failed to mention record demand levels. Which would correlate and in many cases cause record profits. With or without an inflationary environment.
What causes record demand?
Cl1mh4224rd t1_j5fya5s wrote
>EPI is a sus source to link...
And you've linked nothing.
Slyguybuyfry t1_j5g01lx wrote
I’m not making the point that needs sourcing lol. Also not sure how linking something is a validation if anything. If you link garbage it just makes you sound silly
But here since you like links enough to make a pointless passive aggressive comment. And clearly have nothing substantive to add to the discussion.
rulesforrebels t1_j5g9i5z wrote
Hey buddy this is reddit capitalism is bad and the source of all the world's woes not shutting the economy down for two years throwing everything off
Slyguybuyfry t1_j5gkmef wrote
Appreciate that I'm not the only one that sees the hypocrisy in reddit echo chambers. That being said do disagree slightly on the first part, think the initial response was warranted until we had more data and vaccines. After that we should have opened up quicker.
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