• DebatableRaccoon@lemmy.ca
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    11 months ago

    Oh no, this is such a shock. No shit they were lying about inflation. Those bastards were reporting record highs while the average Joe was struggling to pay rent.

    • chiliedogg@lemmy.world
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      11 months ago

      To be pedantic, a business that’s keeping the same percentage margins will always post record profits in an inflationary economy.

      • ilex@lemmy.world
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        11 months ago

        To be pedantic, all other things being equal, like quantity sold. Riiiiiight?

        • chiliedogg@lemmy.world
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          11 months ago

          Do you have a job?

          If so, do your expect your employer to pay you only the cost of your commute and nothing else?

          • LemmysMum@lemmy.world
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            11 months ago

            Do you have a dictionary?

            If so, why have you confused revenue with profit?

            Profit is the stolen excess after all the shareholders, workers, suppliers and producers have been paid their fair share. If you want to argue that they aren’t being paid a fair share then why is there a profit margin?

            • chiliedogg@lemmy.world
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              11 months ago

              Revenue is income. Profit is income minus expenses. Without ANY profit there no motivation to operateva business.

              • LemmysMum@lemmy.world
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                11 months ago

                Getting paid a multimillion dollar salary is ‘not motivation’ to run companies like Google and Sony? Huh, could have fooled me. You do know wages are expenses right? Including those of the owners and ceo’s and board, right?

                You’re not so stupid as to not know what the definition of profit is in the dictionary, right? You can look it up instead of continuing to be wrong you know.

                • chiliedogg@lemmy.world
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                  11 months ago

                  Let’s say you have an idea for a product that will change the world, but you have no capability to produce it because you’d need access to hundreds of workers and billions’ worth of machinery?

                  Even supposing you want to be paid nothing for your invention, how do you get it made?

                  You have to have someone else partner with you to do it. But why should they? If nobody is allowed to profit, then there’s no business reason for an existing company to innovate or change.