Why is discussing a companies profits in unadjusted dollars deceptive?
The rational used to decry Exxon’s profits as measured in raw dollars, could just as easily be used to argue that minimum wage workers are making RECORD pay. It’s true that the minimum wage is larger (in raw dollars) than it ever has been, a RECORD HIGH!
However, because of inflation, that RECORD HIGH (!) wage doesn’t really buy more than it ever has, perhaps less.