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Biden plans to use cold-war era law in attempt to lower US prices
(www.theguardian.com)
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this post was submitted on 27 Nov 2023
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The problem is that prices never fall even when supply chains are smooth, it isn't like Kelloggs or Nestle are going to lower their prices because the costs of moving stuff and buying stuff is cheaper.
That money goes right back into profits.
Unions have helped a lot with this problem, but it has only helped people with a union organization.
And it really hasn't fixed the core problems in America.
Americans need to see some kind of relief from these companies that are apart of our lives running smoothly.
I agree with the general sentiment of this, but you're wrong here:
Union membership increases pay for non-union people, since their employers now have to compete for employees at that higher pay rate.
But pay is just one side of the equation. If I get a 10% raise and prices go up by 9%, it's only a 1% raise. I would really love to see our government take corporations to task for this, but until politicians don't need corporate money to get elected it's not going to happen.
Prices don't need to go up.