• lightnegative@lemmy.world
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    6 months ago

    Are the record profits still record after being adjusted for inflation?

    Money is worth less now than it was this time last year.

    Let’s say a profit of $1000 last year is equivalent to a profit of $1200 this year.

    Have you made $200 more this year? Well, technically yes but it doesn’t quite have the same purchasing power as it would have if you made it last year instead

    • InternetUser2012@midwest.social
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      6 months ago

      Yes, record profits after inflation. Don’t simp for the corporations, they don’t give a fuck about you. They’d rather see you die than give you a penny.