Hacker News new | ask | show | jobs
by mirntyfirty 1564 days ago
I’d claim inflation responsibility is on both sides. I forget the number off the top of my head, but a rather large proportion of the price increased were collected as profits. Given that a number of industries are dominated by a handful of large conglomerates, the incentive to price products competitively seems rather low.

However, this is also correlated and reinforced with the actions of the federal reserve for a number of reasons.....