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this post was submitted on 04 Nov 2023
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High consumer spending keeping the economy afloat against the predicted recession that never materialized. Companies figured they could start charging more and get away with it.
Won't that risk to actually start the recession though?
The people making the decisions don't care nor will they be affected by one in any meaningful way.
But they will earn less money, won’t they?
The company will, but from what I've seen the decision makers find ways to ensure they still get paid just as much or nearly as much, usually by laying people off and screwing over customers even more.
These companies are purely short term focused. They don't look to the long term and they don't care about the company's stability far into the future. It's all about hitting the next financial target no matter what.
Yeah but if you enter a recession, your earnings will be much less. Even if you fire most of your staff, you won't earn shit anyway.
So causing a recession seems like a very dumb idea
I agree with you, but from what I've seen large corporations don't. That's all I can say, and this is all just anecdotal.