Hacker News Reader

This guy just keeps trying to make money! How dare he increase profits!

You joke but the drive to increase profits at any cost is having pretty insidious impacts on the world. Enshittification is everywhere now with companies being forced to degrade customer experience to appease shareholders. Nothing wrong with making a profit but making additional profit every single quarter is making the western world hostile to most people on average wages. It's too expensive to even live here with only a small percentage of people doing well under these circumstances.

The median US household income has increased significantly above inflation in the last few years and the lowest-income households have done significantly better than that because we reached "full employment" and that allows more job changes.

The largest price issue left is housing costs and that has nothing to do with "corporate profits", it's about bad land use regulations.

(Another funny thing about the "ever increasing corporate profits" argument is that it's literally anti-Marxist, as Marxism says the problem with capitalism is its profits continually /decline/ due to over-production.)

Reply on news.ycombinator.com