It is not a misnomer. Plenty of publically traded companies you can see the data for yourself. In any event I won’t be going down this rabbit hole on an oil filter forum.
I don’t recall this, but I’m speaking of record profit margins. https://www.bloomberg.com/news/arti...fits-soar-taking-margins-to-widest-since-1950
On the flipside labor is strong and finally has some leverage.. that is until the continuous rate hikes send unemployment up. But hey! Oil filters. We are in an oil filter forum.
You are wondering why " this " is happening???
You asked a question .....
You don't like at minimum... A major part of the real answer.
It is not one hundred percent of the reason in increases in prices. But it is a big big part of it.
And you didn't recall ExxonMobil making supposed record profit... Yeah, well that happened and certain people put a additional " tax" on ExxonMobil.
Which to be fair was passed.