879
Vance mocked for saying eggs cost $4 — while standing in front of a dozen for $2.99
(www.independent.co.uk)
this post was submitted on 23 Sep 2024
879 points (97.7% liked)
News
23634 readers
2796 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It's probably both. You find an excuse to raise prices, you build in some extra margin so you only have to raise the price in one big go instead of smaller increments that better reflect market prices. Your competitors do the same, and you just tell everyone there's nothing you can do, it's just inflation.
Sounds reasonable, I was asking if we have actual data instead of Feels.
There's been a couple studies. This NYT article summarizes some of them. https://www.nytimes.com/2024/08/15/business/economy/kamala-harris-inflation-price-gouging.html
The article says that the cause is complex. Corporate profits are part of it, but also increased wages across the supply chain, and strong demand (more people eating at home instead of eating out) vs lower supply (egg shortages, for example). I saw another article suggesting that climate change was also harshly impacting the supply chain, but it didn't list a solid source.
I've never understood the "more people eating at home" argument for hight food prices. The same amount of food is being bought even if a restaurant is buying less. Like food magically doesn't get eaten or needed more based on people eating at home or eating out. The food would just be going to the grocer instead the restaurant directly. Or am I misunderstanding this?
IIRC, one of the lessons from the pandemic is that restaurant and grocery store food chains are separate things. It isn't easy to switch between them.
Logistics is boring, but really important.
That makes some sense but it sounds like a problem for the companies to solve logistically and not just burden on the household buyer as a bandage.
No they build in extra margin so they make more profit.