Re:An Introduction to Class Warfare for the Software Engineer
by ClumsyPilot on Wednesday February 08, 2023 @02:34AM
(#34705250)
Inflation is just tge cover story.
2021 was the most profitable year for big corporations since 1950, with pre-tax profits rising to $2.5 trillion and after-tax profits surging 35%, enabling the 1% to finally overtake the middle class in share of overall wealth.
2021 was the most profitable year for big corporations since 1950, with pre-tax profits rising to $2.5 trillion and after-tax profits surging 35%, enabling the 1% to finally overtake the middle class in share of overall wealth.
53% of price increases went straight to profit.
They've got you right where they want you.
https://www.forbes.com/sites/errolschweizer/2022/05/10/how-w...
> And yet STEM graduates were getting $200K+ for their first jobs. How is that collusion working out?
?? City traders can make millions, they actually get a cut of profits they generate.