With sharp increases to the price of goods and services, where’s all this extra money I’m spending going?

Question

Don’t try to tell me my wages are sharply increasing either, because they’re not! Nor are my friends, family, or neighbors.

In: 113

Answer 1

Raw materials and logistics. Truckers have the world in their hands, and sellers of industrial/building materials like metals, oils, lumber are getting whatever they want.

So believe it or not, companies that sell/market direct to consumers are actually getting killed with cost increases and are passing them on to keep their profits even. The suppliers & drivers further up the supply chain are the ones that are making out like bandits.