I can. Profits are up. When costs go up, there’s usually a proportional increase in price over cost. If wages don’t go up to match, that’s just a ton more profit.
If something costs $5 and sells for $10, costs go up $1 (10%), prices don’t just go up $1. They go up $2 to $12. Revenue score!
The stock market doesn’t care about people at all. Only about revenue. It’s why tech has been doing so much weird stuff. They’re just trying to increase profits and care zero about long term or user experience.
The stock market is designed for that - it’s pretty resilient. Until it’s not. Once people can’t afford enough things, the market collapses because profits collapse.
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If something costs $5 and sells for $10, costs go up $1 (10%), prices don’t just go up $1. They go up $2 to $12. Revenue score!