Readit NewsCorporations can buy up all they want… but idle units are unprofitable. Between property taxes, borrowing costs and maintenance (which accrues whether units are empty or not), units need revenue or they are a drag on profits. Cartels fall apart very rapidly under these conditions.
Right now demand outstrips supply by a wide margin. This makes it profitable to buy and rent it out. Build enough housing to put some slack in the market and that equation will rapidly reverse.
TL;DR corporate ownership is a symptom, not a cause of housing supply issues.
It’s entirely likely people on these products don’t easily match internally.
The job market for people capable of working on Apple high end R&D is also likely much better at matching then Apples internal HR, simply because the market has so many more openings.
It will likely result in a cut in hours for marginal workers, boosted hours for higher productivity workers and more outsourcing/automation.
Labor intensive restaurant operations will have a competitive disadvantage to capital intensive models, and so we’ll see more capital intensive ones thrive.
This is EXACTLY the issue. The economy is rigged such that in the absence of any positive action, workers' purchasing power goes down over time by default. This obviously isn't a problem for the rich, whose money is stored almost entirely in assets which by definition rise in value with inflation. Meanwhile, everyone else whose income comes primarily from a wage must constantly struggle for more concessions just to earn the same real amount they did last year.
Holding assets during inflationary periods means paying a higher percentage of your real gains as taxes.
I worked at a non-semiconductor tenant company in a semiconductor research campus/facility.
Parking lots tell the story. There was a pecking order for the lots, which made it easy to classify. The best off working people were the trades guys. The plumbers and electricians were high-skilled and well paid. Like guys commuting 2,000 miles and buying a second $90k F-250 to drive around town in.
The bigshots were Teslas, BMWs, big SUVs. There were a few corvettes and a Ferrari.
The Fab engineers and workers were all driving old Hondas and Hyundais.
One of my good friends from high school was a mechanical engineer at IBM and a master at some super-critical process for mainframes. They moved to a different architecture and his entire team was just nuked from orbit before they even knew what was happening. He was selling real estate for awhile and eventually got back into engineering.
This is the kind of stuff that pisses everybody off. The hoi polloi get raked over the coals for college loans while the haut monde blithely skip right past $40 million in debt.