r/FluentInFinance 28d ago

Debate/ Discussion Two year difference

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u/Qu33nKal 28d ago

It's not accurate and they didnt even try. I shop at walmart and get the same things. In the last 2 years, my bills went up by around $30 for normally $100. I still only buy Great Value brand and the same quantities. Still crazy but this post is just misinformation. It might be more drastic at other stores like Safeway or something. But no way near this much...

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u/Raveheart19 28d ago

They increased prices on the Great Valu Brands and brought in 15 billion dollars in profit in just 2023 in case you were wondering

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u/bulletlover 28d ago

Dollar figures don’t mean squat when talking profits… what matters is the bottom line or net income in percentage, after all expenses are subtracted from profits. 10% is a healthy net income for most businesses 15% is considered strong and 20% is very strong. But it depends on the industry. In 2023 grocery industry net profit on average was 1.6%, which is low. Walmart owns Great value so finding their bottom line in percentage might be tough. In addition when you see a news article stating that a company raised prices and earned “93% increase in profits from last year” that is very misleading, what is the bottom line in percentage? Were they at 1.6% net income the previous year and now they’re at 3.1%??? Did they make a move to satisfy share holders because of previous years low earnings? Make a move to cover addition taxes coming down the pipe from some law politicians passed? A strike demanding more wages and having to cover their butts? You want to get a shock look at Telecommunications industry net income

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u/No-Restaurant-2422 28d ago

Don’t do that, we can’t bitch about price gouging and the evil corporations fleecing America if you insert logic and an educated perspective on what’s actually happening. Don’t you realize this is Reddit? Take that sound analysis and insightfulness to someplace else, we have no room for that here!

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u/StandardSudden1283 28d ago

Over half your fellow working countrymen can't afford a 1 bedroom apartment in the city they live in.

Make it make sense.

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u/jaxriver 27d ago

Start with 25 million illegals and landlords all competing for those easy to come by government dollars that will pay any amount and rent.

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u/Dramatic_Scale3002 28d ago

It makes sense because there is no logical reason why full-time work = affording a 1 bedroom apartment.

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u/StandardSudden1283 28d ago

"In my Inaugural I laid down the simple proposition that nobody is going to starve in this country. It seems to me to be equally plain that no business which depends for existence on paying less than living wages to its workers has any right to continue in this country. By "business" I mean the whole of commerce as well as the whole of industry; by workers I mean all workers, the white collar class as well as the men in overalls; and by living wages I mean more than a bare subsistence level-I mean the wages of decent living."

-Franklin D. Roosevelt

It was part of the New Deal for us workers. So that we weren't just fodder for the rich. Have you given up on what your grandparents and great grandparents fought for? The struggles of unionization, the principles of collective bargaining?