this post was submitted on 30 Dec 2024
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cross-posted from: https://lemm.ee/post/51182148

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[–] BlameTheAntifa@lemmy.world 55 points 7 months ago (30 children)

While consumers can benefit from falling prices, persistent deflation can also lead to a downward spiral for spending and investment.

This seems like an absolute win.

[–] oce@jlai.lu 50 points 7 months ago* (last edited 7 months ago) (18 children)

Until your company, your salary and your job start deflating too.

[–] ME5SENGER_24@lemmy.world 57 points 7 months ago (15 children)

The obsession with companies needing to post increasing profits every single year is frankly baffling. Let's say a company makes X amount in profits in 2024, and everyone—employees, shareholders, stakeholders—are happy and well-compensated. Why should the expectation be that profits must increase in 2025, even if the company is already performing well? The only explanation that comes to mind is greed. It seems like the focus is less on long-term sustainability or fairness and more about feeding the insatiable hunger of CEOs and executives who just want more—more profits, more bonuses, more power. It’s as if they’re modern-day dragons, hoarding wealth for the sake of hoarding, rather than for the health of the business or the people within it.

[–] HaleHirsute 1 points 7 months ago

Most small business are like this and it’s fine. People make their salaries and live their lives. It’s why they’re small and stay small, though, as if that’s a bad thing, but it’s only negative in comparison to companies that grow dramatically, because if you invest money in them you get more back in return, and that’s an attractive scenario to be a part of, have people push for more of it. So yeah greed, you were right :p

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