Oracle to hike support fees in line with inflation Oracle support prices are set to rise by 8 percent in the US, and the company will also impose increases commensurate with inflation in other regions. US consumer prices hit annual inflation of 8.8 percent in June, another 40-year high, prompting Big Red to look again at its support pricing. Craig Guarente, founder and CEO of …
-> US consumer prices hit annual inflation of 8.8 percent in June
The USA's trade war against China (and other attempts at maintaining its hegemony) is coming home to roost. Don't worry, the 1% will be OK. The rest of you can be happy knowing you can't afford medical insurance. Enjoy your food stamps. For those who thought you were middle class, you can prepare a list of dollar stores while you can still afford an internet connection.
Yes, of course. Perfectly logical.
Because it is Oracle that is paying for the electricity that makes their clients' servers run, right ?
What ? No ? The clients have their servers hosted locally, or with a Cloud contract ?
So, basically, Oracle is just using an economic excuse to increase its revenues without any expenditure whatsoever ?
My, I would like to able to print money like that.
If it is in the support contract like the article says then no one has any room to complain, regardless of whether Oracle's costs are going up by that amount.
You really think that support is provided "without any expenditure whatsoever"? No people (who have salaries that will increase if Oracle wants to keep them from leaving for another job) and electric bill for Oracle servers they use for that support etc.
Yes, but as others here a have pointed out, and as you may well believe yourself, it is likely that Oracle is (like so many others) dipping in for a fair bit extra.
One of the big reasons we are seeing this runaway spike in inflation is that the greed cycle has started. Early on in the pandemic prices were held partly in check by concerns over getting called out for price gouging. Companies tested the waters by wailing "supply chain" loudly and when it became clear that the press wasn't checking their math they started double dipping.
This is a studied problem, and if it's not nipped in the bud, tends to lead to a 2nd phase, a "Panic cycle" that can readily tip into hyperinflation. Notably, the efforts to cool off the markets that are killing the labor market like raising interest rates super aggressively and allowing the workforce to lose real wage power make the 2nd cyle MORE likely not less. The consumer class is holding up the world economy via spending. If they are cornered in the labor market, discretionary spending crashes and set of a layoff/austerity/interest rate death spiral.
Funny how they keep blocking tying workers wages to the rate of inflation and cost of living. Funny how just after a bunch of minimum wage bumps are once again being erased by aggressive inflation and end up being a pay cut. That's not the Ha-Ha kind of funny. More like an unpleasant smell that showed up.
It is good news for employees who are working in that company. Oracle made a good decision because employees deserve the increment in the form of inflation. Everyone is aware that the global inflation rate is increasing at an alarming rate when compared to previous years. The oracle's decision will inspire an employee to work harder and make him want to do a better job.
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