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re: Food corporations are using inflation as cover to jack up prices

Posted on 8/16/23 at 9:39 pm to
Posted by HueyLongJr
Member since Oct 2007
962 posts
Posted on 8/16/23 at 9:39 pm to
Always awesome to see demsplanations with charts.
Posted by East Coast Band
Member since Nov 2010
66950 posts
Posted on 8/16/23 at 9:40 pm to
quote:

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%)


Lol and Biden been trying to spin this "I'm getting rid of fees to help people"
Posted by scrooster
Resident Ethicist
Member since Jul 2012
42186 posts
Posted on 8/16/23 at 9:42 pm to
No surprises here ... everyone who follows the market has known this for some time. Since fjb took over it's been headed this way.

These companies give millions to the left. Just being honest here.
Posted by Shexter
Prairieville
Member since Feb 2014
19222 posts
Posted on 8/16/23 at 9:44 pm to
One day, we'll realize that the politicians are united. It's only the voters who are split on party lines.
Posted by GWJC
Louisiana, America's Third World
Member since Aug 2023
14 posts
Posted on 8/16/23 at 9:44 pm to
quote:

Bright side of a depression, companies will need to start worrying about taking care of customers again.


A depression tends to drive competitors out of business, making the world safe for big businesses and their ability to increase their prices even further.
Posted by windmill
Prairieville, La
Member since Dec 2005
7706 posts
Posted on 8/16/23 at 9:46 pm to
To change a wiper blade?

Are you handicapped?"

Reading comprehension-get some.
Posted by VOLhalla
Knoxville
Member since Feb 2011
5019 posts
Posted on 8/16/23 at 9:47 pm to
quote:

Things like chicken and eggs came back down about a year ago.


For eggs I think it was more like a few months ago. There was talk about about a federal investigation into egg price collusion and within a month wholesale egg prices dropped 50%

Definitely a coincidence though
Posted by OweO
Plaquemine, La
Member since Sep 2009
120295 posts
Posted on 8/16/23 at 9:48 pm to
That's pretty obvious and while this bumps up the price at restaurants, I am pretty sure some have added their own bump up in prices as well. I understand they having to make up for losses during the pandemic shutdown, but there are places that pretty much doubled their prices.

I went to Superior Grill awhile back. For 2 people, no alcohol drinks. No dessert, order of white queso.. With tip included the bill was $66.00.
Posted by deltaland
Member since Mar 2011
100658 posts
Posted on 8/16/23 at 9:49 pm to
This is what happens when everything is controlled by mega corporations
Posted by yakster
Member since Mar 2021
3584 posts
Posted on 8/16/23 at 9:50 pm to
The ebter’s ain’t feeling no pain
Posted by Death Before Disco
Member since Dec 2009
6440 posts
Posted on 8/16/23 at 9:51 pm to
More than one thing can be true at a time. Food production costs have increased, and companies are taking advantage of that to raise prices as high as they can get away with.
Posted by LemmyLives
Texas
Member since Mar 2019
13573 posts
Posted on 8/16/23 at 10:04 pm to
quote:

To change a wiper blade?

Are you handicapped?"


But his daddy and pappy always trusted the local shop to change the blades...

I don't get this crap either. I can buy Rain-X Latitude blades online for under $20 a pop, which are nice, premium blades, for under $20, and spend 30 seconds putting them on (where they will last 2 years or more), while not being shocked by retail markups.

I guess this is the thread where people just assume there is no cost in holding inventory, which needs to be made up for with higher prices when you have low turnover.

The absolute stupidity of many posters is amazing. Ukraine exports a material amount of global grain. They're at war, and have had exports restricted. Most of the EU and some of Asia has greatly limited the use of fertilizers and herbicides that have been safely used for decades, less supply. Energy to produce fertilizer costs more. "Stimulus." Higher prices.

But yeah, it's totally Mondelez that wants people to buy fewer bags of Oreos.
Posted by shel311
McKinney, Texas
Member since Aug 2004
112637 posts
Posted on 8/16/23 at 10:12 pm to
quote:

They will charge as much as you’re willing to pay, and not a penny more.
Yep

I'm certainly not for big business and against us little folks but if that's the going rate to maximize profits and people are willing to pay for it, a corporations duty is to it's shareholders so it is what it is.

Supply/demand, economics, etc.
Posted by Spasweezy
Unfortunately, Louisiana
Member since Jan 2014
7190 posts
Posted on 8/16/23 at 10:29 pm to
quote:

PPP money


To be fair, most ppl who own businesses did not buy a car with PPP money.
Posted by Damone
FoCo
Member since Aug 2016
32966 posts
Posted on 8/16/23 at 10:30 pm to
But but but it’s The Market setting the prices! You can’t tell private corporations what to do! If you don’t like it why don’t you farm your own food!
Posted by Beef Tips
Member since Jan 2013
2884 posts
Posted on 8/16/23 at 10:43 pm to
quote:

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.


They should start coming down soon at restaurants. They usually lag behind on price decreases.


Im not sure I know of many examples of restaurants lowering prices on regular menu items, aside from "specials" or sale prices.
Posted by lsusa
Doing Missionary work for LSU
Member since Oct 2005
6211 posts
Posted on 8/17/23 at 6:02 am to
quote:

One day, we'll realize that the politicians are united. It's only the voters who are split on party lines.


Don Pardo, tell him what he’s won!
Posted by bird35
Georgia
Member since Sep 2012
13432 posts
Posted on 8/17/23 at 6:21 am to
The Government printing money makes all other money in circulation worth less taking more of it to buy the same goods.

Printing money causes inflation. Always has, always will.

The Government can blame it on whoever they want but inflation is caused by printing money or in this case spending more than is brought in.

Posted by BlackAdam
Member since Jan 2016
7051 posts
Posted on 8/17/23 at 6:29 am to
Rob Reich is just mad that he can’t ride any rides at Disneyworld. Everything he says is disingenuous at best. Usually it’s an outright lie.
Posted by CitizenK
BR
Member since Aug 2019
13955 posts
Posted on 8/17/23 at 6:39 am to
Base oil which lubricants are made from is $5 per gallon in bulk. That should decrease with the access to high paraffin crude in Utah in about a year. It cannot move far via pipeline due high wax content.
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