Thread regarding ExxonMobil Corp. layoffs

Surprised how uninformed you all are. Inflation is due to money supply expansion and velocity of money. In other words, a decade+ of mistakes culminating in this pleasant experience.

@5lef+1gBouNcI Free gas card? What? Who has one? Employees don’t

Troll

Really?
You got a free gas card working for this company if you use Exxon or Mobil brand.
Think of what you are saving just on that alone.
And while people stress to separate their plastics into separate bins, you spew our ancestors carbon remains straight up.
Complaining is not explaining.
Gas card.

@elz+1gBouNcI
“Corporate price gouging”, really?
And for more than twenty years, while the inflation was at 2%, the evil corporations just forgot how to “gouge”, right? They just didn’t want high profits?
You’re reading to much leftist press, amigo. When the government of a country simply prints money, the value of money goes down. Who would have known that by throwing trillions around as “Covid relief” and whatever, that would cause inflation?

Corporations aren’t meeting their profit goals because of supply issues, so they are raising prices. This whole inflation thing is a sham.

They're trying to distract us from the Kardashian news.
Troubling stuff.

“Why is inflation so high?”

Corporate price gouging. EM is a good example.

The war in Ukraine and silly trade protectionism are also contributing, as are so-called “distributed global supply chains” that are really about skirting labor laws in OECD countries and driving down labor costs.

Inflation has been creeping for quite some time, since 2018 in fact. It became hot topic in the latter part of 2021 partly for political reasons.

all the money the government printed beginning in 2020.

staggering. at least it all (mostly) went to business and not the people.

rising costs due to all the uncertainty and transportation issues + corporate greed.

https://fred.stlouisfed.org/series/WM1NS

https://lmgtfy.app/?q=Why+is+inflation+so+high