Read that and give me any form of a coherent argument on how we should be restricting profits for industries running 3% profitability.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:
- 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%
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.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.
Please define “price gouging”.She's not wrong, price gouging was a significant part of the inflation.
Here's one. It's really easy to find, BTW.Please define “price gouging”.
Please define “price gouging”.
See American auto dealers circa 2020 to the present but then again you cannot sell anything if no inventory existsPlease define “price gouging”.
Where are you seeing "sizable increases in profit" there?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.
It doesn't matter. The "all day recess" voters will believe whatever they're told and vote accordingly bc they're idiots.
But marxist shut-ins on welfare eat that shit up!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.
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.Too much focus on grocery chain profits when the real culprits are Cargill, PepsiCo,M&M Mars,Tyson foods, General Mills, etc.etc.
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.Too much focus on grocery chain profits when the real culprits are Cargill, PepsiCo,M&M Mars,Tyson foods, General Mills, etc.etc.
What do you think, champ??Please define “price gouging”.
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.
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This Infographic Shows How Only 10 Companies Own All The World’s Food Brands - Good
General Mills, Kellogg's, and Unilever own just about everythingwww.good.is
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