She's just not smart.
- Thread starter Hawkeye Swarm
- Start date
It’s not smart to put a period in the subject line.
The increase in profit margins has been large for the grocery industry over the past few years.
The grocery industry typically operates with relatively low profit margins compared to other sectors due to the high competition and price sensitivity among consumers. Over the past five years, the average profit margins for the grocery industry in the U.S. have generally ranged between 1% and 3%. Here's an approximate breakdown:
The grocery industry typically operates with relatively low profit margins compared to other sectors due to the high competition and price sensitivity among consumers. Over the past five years, the average profit margins for the grocery industry in the U.S. have generally ranged between 1% and 3%. Here's an approximate breakdown:
- 2022: Around 2.5% - 3.0%
- 2021: Around 2.0% - 2.5%
- 2020: Around 2.0% - 3.0% (Margins saw a slight increase due to the pandemic and a surge in grocery demand)
- 2019: Around 1.5% - 2.0%
- 2018: Around 1.5% - 2.0%
She's not wrong, price gouging was a significant part of the inflation.
Republican and many Democratic economists see mandatory price controls as a counterproductive form of government intervention that discourages firms from producing enough supply to meet demand.
Read that and give me any form of a coherent argument on how we should be restricting profits for industries running 3% profitability.
Without then subsidizing them.
The point being discussed is that the grocery industry has seen a sizeable increase in profit margins in the past few years and that certainly has contributed to the inflation we are seeing.
I would ask you to try to keep up but we all know that's not possible.
Pretty clear Trump laid out his plan standing in front of. Cheerios and Folgers yesterday
What’s not smart is throwing protective tariffs onto foreign products and not anticipating that US based producers would rise their own prices to match.
Here's one. It's really easy to find, BTW.
Price gouging
noun
- 1.the action or practice of overcharging customers for something by sharply increasing its price, especially in order to take advantage of sudden high demand
Increase in prices for pure profit
See American auto dealers circa 2020 to the present but then again you cannot sell anything if no inventory exists
It doesn't matter. The "all day recess" voters will believe whatever they're told and vote accordingly bc they're idiots.
The ones who know it's bs but are driven by partisanship will actively defend it bc they're low integrity hacks. See this very thread.
If you think profit margin increases of .5-1% are equal to price gouging you're one of the two described above.
Too much focus on grocery chain profits when the real culprits are Cargill, PepsiCo,M&M Mars,Tyson foods, General Mills, etc.etc.
Honestly I don't think this is anything more than a campaign policy. It's something that is ment to sound good but even if implemented I doubt they would find a great deal of price gouging going on in the first place. Groceries are just too competitive. There is only so much margin you can add before people just say F*** it and buy the off brand.
Still not nearly as bad as Trump's tariff's idea.
Still not nearly as bad as Trump's tariff's idea.
This. Sure the grocery chains have raised prices some, but the manufacturers have raised them more. They are the ones the ire should be directed at.
Oligopolies with little competition have no incentive to be efficient and innovative. I think we also need to focus on anti-trust laws. Late stage capitalism will continually devolve into anti-competitive practices without proper guardrails.
This Infographic Shows How Only 10 Companies Own All The World’s Food Brands - Good
General Mills, Kellogg's, and Unilever own just about everything
www.good.is
What do you think, champ??
Was it explained well enough for you to understand or do we need to dumb it down?
Oligopolies with little competition have no incentive to be efficient and innovative. I think we also need to focus on anti-trust laws. Late stage capitalism will continually devolve into anti-competitive practices without proper guardrails.
This Infographic Shows How Only 10 Companies Own All The World’s Food Brands - Good
General Mills, Kellogg's, and Unilever own just about everything
Only applies to tech, bro
