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I was on the phone with someone recently who suggested all the high prices on everything was due to corporate greed.

I volleyed back with the question as to why a record number of companies were going backrupt.

Having regained his wits from realizing he had mindlessly repeating media narratives, he mentioning the hiked interest rates and large amounts of debt coming due this year.

I agreed, but also mentioned that wages are wayyy up, and it’s still hard for employers to find people to take positions and that’s not only the reason that prices never came back down after the covid ‘shortages’ which increases burden on the cost side of the ledger for many businesses along with labor rates, but it has also lowered revenue by lowering sales volumes because no one wants to pay for inflated products right now. It’s a double whammy.

Corporations only seem greedy. The effect of higher prices hit everyone. Suppliers have to pay for higher priced raw materials while manufacturers have to pay for the thusly more expensive products from suppliers, and the consumer doesn’t like the price tag, so bankruptcy becomes a chain reaction.

I call BS on some of this. I have a side job in retail. There is MASSIVE corporate greed and some price gouging. It's not that these corporations can't find people who want to work, it's that they can't find people who want to work FOR THOSE WAGES.

The wages are low and stores are deliberately understaffed to make sure the shareholders get their cut.

Screw the employees. These employees were "heroes" and "essential" during the pandemic but if they complain about the post pandemic world brought on by the corporate profiteering, they are "lazy" and "don't want to work."

During Covid, the elites and the millionaire and billionaire shareholders got a taste of profiteering and unearned profits. Do you really think they are going to give that up?