Re: Biden economy prices Pacific NorthWest May 15, 2024

[Ed P <esp@snet.n>]

On 5/17/2024 4:58 PM, Colour Sergeant Bourne wrote:
> On 5/17/24 1:17 PM, Ed P wrote:
>> On 5/17/2024 10:20 AM, Frank wrote:
>>> On 5/17/2024 6:02 AM, Joe Money wrote:
>>>> In <v25l49$1n8vv$1@xxxxxxxxxxxxx> clueless wrote:
>>>>>
>>>>> On 5/16/2024 1:26 AM, Bank of America wrote:
>>>>>> Loaf of Wonder Bread - $4.59
>>>>>> Worcestershire sauce small - $5.79
>>>>>> Passed on Pringles - $3.05
>>>>>> Lay's Stax Sour Cream - $2.49
>>>>>> Pint of half and half - $2.40
>>>>>> Half gallon store brand milk - $3.18
>>>>>> Cheez-It Grooves, 6oz - $4.29
>>>>>> 12 pod store brand coffee - $4.68
>>>>>> Lemon cake - $4.66
>>>>>> 16oz Bush's Best, Baked Beans, Original - $2.49
>>>>>> Bananas - $.79 lb x 2.5 - $1.98
>>>>>> 8 pack Gatorade - $8.24
>>>>>> Dozen regular eggs - $3.82
>>>>>> Applewood smoked bacon, 24 oz - $13.99
>>>>>> Pound of Boar's Head beef bologna - $12.10
>>>>>> 4 Boneless pork chops, 1/2" - $9.15
>>>>>> 2 Sirloins - $17.28
>>>>>> 3.5 lb family pack of drumsticks - $6.68
>>>>>> Tillamook Udderly Chocolate Ice Cream - $5.59
>>>>>> 22.4 gallons of Chevron regular @ $4.34 - $97
>>>>>> Gas Buddy website lies.
>>>>>
>>>>> I wonder why the grocery stores and manufacturers have seen their
>>>>> profits go up sometimes twice as much as their prices.
>>>>>
>>>>> How did Biden do that?
>>>>
>>>> He put his open palm out first and looked the other direction as
>>>> soon as he
>>>> felt something in it.
>>>>
>>>> As usual.
>>>
>>> Corporate greed did not occur until Biden became president.
>>> Apparently they think it is something new.
>>
>> Corporate greed has been growing well for a couple of decades now.
>>
>> The average CEO-to-worker pay ratio was 272-to-1 for S&P 500 Index
>> companies in 2022; overall, U.S. workersâ?? real hourly wages fell in
>> 2022 for the second year in a row by -1.6% after adjusting for inflation.
>>
>> https://aflcio.org/executive-paywatch-0
>
> Never could get my mind around the concept fo "corporate greed."
>
> You start a company, the idea is to make money, if you do well and make
> a lot, all of a sudden you;re "greedy?"
>
> Got any stocks or mutual funds in your IRA of 401k? Do you hope they do
> well and increase the balance in your account-- or do you hope they're
> not "greedy?"
>
> Corporate greed is a foolish naive liberal mantra ;-)
>

Sure, they should make a profit, they cannot exist without it.  Look at
the proportions though.  Many of the earners of multi-million dollar
wages did not start the business but take a lot from it, while the
peasants working for them often get paid meager wages.  What is a fair
ratio?  You can be the genius that started a big company, but you need
the grunts doing the daily chores.  Pay them fairly.

do you pay taxes?  Good, thanks for contributing to society.  Many big
corporation pay none.

What is the CEO pay ratio in the US?
CEO versus worker pay U.S. 2022 | Statista
In 2022, it was estimated that the CEO-to-worker compensation ratio was
344.3 in the United States. This indicates that, on average, CEOs
received more than 344 times the annual average salary of production and
nonsupervisory workers in the key industry of their firm