When companies raise prices, they make the rich richer at everyone else's expense, study finds

I admit. This is my fault. I SWITCHED FROM COM ED TO DIRECT ENERGY FOR CHEAPER RATES IN 2011. I DID NOT ANSWER THEIR LETTER IN 2012 AND THEY’VE CHARGED 14.9 CENTS PER KILOWATT HOUR WHILE COM ED CHARGED 5 CENTS IN 2011 RISING TO 7.4 CENTS TODAY 1/2019. Watch your bills

Rich and poor, middle class no more.

In other news the sky is blue.

I, for one, am shocked, SHOCKED, to find out that a private company is in business to make money! Who would have ever figured that was the case. 🙄

And supporting local walmarts does what?

they raise prices because wages/salaries are going up

You needed a study to tell you this? Shheessh.

michikokakutani What a surprise

Is this also what is happening in El Segundo?

GreatDismal No shit, Sherlock (). We didn't need a new study to know this. :-(

of course, what they don't tell you is, that these corporation come up with new ennovations that are desired by the consumer.

Can we have a revolution now?

GreatDismal Money from the poor? But the poor don’t have no money

No shit.

GreatDismal venmo just bumped prices ... assholes

This idiot doesn’t understand basic economics.

It's very obvious but studies may actually be needed because of painfully oblivious or corporate tools arguing the opposite.

Leftists garbage

Nothing new there

robertewen As if we didn’t know

'The top 20% of US households own nearly 90% of the country's total equity. But those households account for 40% of total consumer spending. ...the bottom 80% of the country owns just 10% of the equity but spends 60% of the money.'

No big surprise there! I have been saying for years the poor are becoming the homeless and the middle class are becoming the poor while the wealthy become is more greedy filled with even more wealth.

Enraging

You don’t say. Tell me more!

Pretty obvious fact, since Trump took control!

I have been saying that. Every month Americans give a big chunk of their income to rich people for mandatory car 🚗 insurance, healthcare insurance, privatized electricity, internet, student loan, and high rent that keeps increasing.

Who did the study Bernie Sanders?

BoycottKoch

🤬

Here let me fix your headline: “Successful people get the rightful spoils” fuckwealthredistribution

Stop buying what you dont need and pay off credit debt. That would make them nervous.

That’s why the government shouldnt have a giant deficit every year so they have to print a bunch of money and raises inflation

lol obvi

thank god a new study shows this painfully obvious fact

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Analysis | Companies' pursuit of high profits is making the rich richer at everyone else’s expense, according to new researchAnalysis: Companies' pursuit of high profits is making the rich richer at everyone else’s expense, according to new research Has it been any different for the past century? Good to know that actual research confirms something everyone with a brain and awareness has known for a generation. Ya think?
Source: washingtonpost - 🏆 95. / 72 Read more »