Cars have become so expensive that many Americans are putting off or not buying new cars. The auto industry is worried

https://sh.itjust.works/post/56434933

Buying a new car has become unaffordable for a growing number of Americans. The auto industry is worried - sh.itjust.works

Lemmy

Corporations pay stagnant wages, raise prices, funnel money out of the economy to shareholders who hoard wealth, and then get worried when there’s no one left who can buy their products?

Tell me again why we think C-Suite folks are smart?

Right, because they’ll get bailed out again and stay rich. That’s why.

It’s a god damn disgrace.

I’m sure someone will come around and tell me how complicated economics is and why we should trust business and industry leaders with business degrees, like basic pattern recognition and common sense couldn’t have predicted that people who can barely afford groceries would stop buying cars…

Fuck.

Think you pretty much nailed it.
Thanks the Omnibus Budget Reconciliation Act of 1993

Tell me again why we think C-Suite folks are smart?

Some weird fetiziation that financial accumen is somehow the ultimate mark of intelligence above all else.