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A comment on Analysis finds Australia’s inflation being driven by company profits, not wages. Parent comment

Re:Analysis finds Australia’s inflation being driven by comp... by naasking on Saturday February 25, 2023 @07:56AM (#34936309)
> If there is 1000 units of something but demand for 5000 units,

Except that's not the case here, both supply and demand for eggs and milk have not changed much, neither have the costs to produce either. That's why prices are skyrocketing and profits are soaring.

Look, the data is out there and very clear on this point:

https://www.youtube.com/watch?v=udITRL9-t08

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Re:Analysis finds Australia’s inflation being driven by comp... by gruez on Saturday February 25, 2023 @11:00AM (#34937597)
>both supply and demand for eggs [...] have not changed much

https://en.wikipedia.org/wiki/Avian_influenza#United_States_...

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Re:Analysis finds Australia’s inflation being driven by comp... by naasking on Saturday February 25, 2023 @11:44AM (#34938009)
Yes, they euthanized a bunch of chickens, and yet total egg output remained basically the same. So where did the inflation come from? Why are egg producers suddenly recording record profits?
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Re:Analysis finds Australia’s inflation being driven by comp... by gruez on Saturday February 25, 2023 @12:18PM (#34938342)
>and yet total egg output remained basically the same

source? Also, due to how price elasticity curves work, even if production is "basically" the same, it doesn't necessarily mean that prices would also be "basically" the same. If demand is inelastic, buyers will bid up prices to astronomical levels.

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