Another so called “economics think-tank” that thinks [consumer price]-[raw material cost]=[profit]. They are just ingnoring all of the other variables in equation. P&G (their biggest example) laid off a huge percentage of their workforce during the pandemic and increased the price of the products. Now they are nearly back at 100% of their workforce but everyone is being paid more. It ends up being a wash for consumers at that point. That’s not even including cost of energy, cost of machine maintenance, and all of the other little things that have increased over the last few years. Nonsense.
Another so called “economics think-tank” that thinks [consumer price]-[raw material cost]=[profit]. They are just ingnoring all of the other variables in equation. P&G (their biggest example) laid off a huge percentage of their workforce during the pandemic and increased the price of the products. Now they are nearly back at 100% of their workforce but everyone is being paid more. It ends up being a wash for consumers at that point. That’s not even including cost of energy, cost of machine maintenance, and all of the other little things that have increased over the last few years. Nonsense.