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Started By
Message
Food corporations are using inflation as cover to jack up prices
Posted on 8/16/23 at 6:29 pm
Posted on 8/16/23 at 6:29 pm
News Flash - Corporations are sticking it to the little man
https://time.com/6269366/food-company-profits-make-groceries-expensive/
ETA to clarify this is NET income:
quote:
“Follow the money, and the story is clear,” Robert Reich, the former US. Labor Secretary, tweeted last week. “Food corporations are using inflation as cover to jack up prices.”
https://time.com/6269366/food-company-profits-make-groceries-expensive/
quote:
When shareholders see that other corporations are getting away with high pricing, they start wanting to get in on it,” he says. “So other corporations then raise prices to deliver profit margins.
ETA to clarify this is NET income:
This post was edited on 8/16/23 at 7:27 pm
39
Posted on 8/16/23 at 6:30 pm to Shexter
Well past time for some major antitrust legislation
This post was edited on 8/16/23 at 6:31 pm
Posted on 8/16/23 at 6:32 pm to Shexter
All of this because of the ridiculous Covid reactions. Hope y’all are happy.
Posted on 8/16/23 at 6:36 pm to Shexter
quote:
News Flash - Corporations are sticking it to the little man
It's across a bunch of sectors. Places like Take 5 Oil Change are guilty as frick too.
Since 2020, they are still paying their techs $15/hr while oil/filters/blades are all still the same price at walmart and auto parts stores.
Yet their Oil change prices jumped $25 in 2022 and wiper blades DOUBLED from $13 to $27 PER BLADE.
. No doubt that increase is funding their expansion into the carwash market and has not a god damned thing to do with inflation.
This post was edited on 8/16/23 at 6:42 pm
Posted on 8/16/23 at 6:37 pm to Shexter
Just found a $9.95 per line "Economic Adjustment Charge" on my Verizon account a couple of days ago. frick YOU for sneaking that in.
Posted on 8/16/23 at 6:37 pm to Shexter
quote:
News Flash - Corporations maximizing profits to the benefit of their shareholders
Posted on 8/16/23 at 6:37 pm to Shexter
“The simple man pays the bills that kill”
Posted on 8/16/23 at 6:38 pm to Shexter
For sure it costs more to make food… I don’t trust the news media after being lied to for years. Inflation is directly related to this administration and the socialists who voted for it.
Posted on 8/16/23 at 6:40 pm to Shexter
They will charge as much as you’re willing to pay, and not a penny more.
Posted on 8/16/23 at 6:40 pm to Shexter
quote:
Robert Reich
You’re actually citing that angry little communist midget as a source?
Posted on 8/16/23 at 6:43 pm to jbgleason
quote:
Just found a $9.95 per line "Economic Adjustment Charge" on my Verizon account a couple of days ago. frick YOU for sneaking that in.
Da fuq? Now I’m checking mine
Posted on 8/16/23 at 6:44 pm to jbgleason
quote:
Just found a $9.95 per line "Economic Adjustment Charge" on my Verizon account a couple of days ago. frick YOU for sneaking that in.
I just moved to Minneapolis and it's common practice to have bullshite like this on bills:
-livable wage fee (10%)
-employee health insurance fee (5%)
It drives the frick out of me.
Posted on 8/16/23 at 6:46 pm to Shexter
Wow.
Businesses pass the cost increase of their goods to the consumer via raising their prices?
Democrats told me that this doesn’t happen.
Businesses pass the cost increase of their goods to the consumer via raising their prices?
Democrats told me that this doesn’t happen.
This post was edited on 8/16/23 at 6:48 pm
Posted on 8/16/23 at 6:46 pm to UtDawg
quote:
For sure it costs more to make food… I don’t trust the news media after being lied to for years. Inflation is directly related to this administration and the socialists who voted for it.
True. But that's not what the graphic, although a small sample, is trying to substantiate.
Posted on 8/16/23 at 6:46 pm to Ghost of Colby
quote:
Robert Reich
You’re actually citing that angry little communist midget as a source?
Posted on 8/16/23 at 6:47 pm to UtDawg
quote:
For sure it costs more to make food… I don’t trust the news media after being lied to for years. Inflation is directly related to this administration and the socialists who voted for it.
No it doesn't any more.
Things like chicken and eggs came back down about a year ago. But have you seen chicken wing prices come down in restaurants? They are killin it charging us almost $2/wing in some places these days.
This post was edited on 8/16/23 at 7:09 pm
Posted on 8/16/23 at 6:48 pm to rintintin
quote:
I just moved to Minneapolis and it's common practice to have bullshite like this on bills: -livable wage fee (10%) -employee health insurance fee (5%)
you’re lucky they haven’t hit you with a “multiple fee fee”
Posted on 8/16/23 at 6:49 pm to mikelbr
quote:
Places like Take 5 Oil Change are guilty as frick too.
Since 2020, they are still paying their techs $15/hr while oil/filters/blades are all still the same price at walmart and auto parts stores.
Yet their Oil change prices jumped $25 in 2022 and wiper blades DOUBLED from $13 to $27 PER BLADE. .
Amen to that shite. I bought a wiper blade from them a while back and was floored when they told me the total. And that was on top of the ridiculously high price to change my oil in the first place. But I’d rather someone else do it than do it myself so I guess I just have to bend over and take it. But that doesn’t mean it doesn’t fricking suck.
Posted on 8/16/23 at 6:53 pm to Shexter
Bright side of a depression, companies will need to start worrying about taking care of customers again.
Posted on 8/16/23 at 6:55 pm to RougeDawg
quote:
depression
When’s this going to happen?
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