• CodeName
    link
    fedilink
    English
    arrow-up
    22
    ·
    6 months ago

    The U.S. company said in October it planned “modest” price increases this year as demand held up despite rises, leading it to hike its 2023 profit forecast for a third straight time.

    They will simply keep raising prices until demand plateaus. It has nothing to do with production costs or shipping costs- they will gauge us for every single penny simply because they can. And if sales drop they will still make more money than before because a bag of chips that used to be $2.49 is now $5.99.

    • MotoAsh@lemmy.world
      link
      fedilink
      English
      arrow-up
      7
      arrow-down
      1
      ·
      6 months ago

      Good ol’ capitalism. Everyone thinks it’s having an open market, but nope! These are the innovations of capitalists: Attaining and retaining more capital than last quarter. That’s it. That’s all capitalism is good for: ripping off workers.