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Started By
Message
re: Food corporations are using inflation as cover to jack up prices
Posted on 8/17/23 at 6:44 am to GeauxxxTigers23
Posted on 8/17/23 at 6:44 am to GeauxxxTigers23
quote:
All of this because of the ridiculous Covid reactions. Hope y’all are happy.
But that big mac meal tasted good and all I had to do was get 7 shots of suspect experimental juice! Well worth dying suddenly in my opinion
0
Posted on 8/17/23 at 7:02 am to Shexter
Something needs to be done. It’s pure greed. I don’t care corporations lost money during lockdown. So did the average person. Lockdown has messed up many lives. Everything is up bc of “Covid” or whatever, and our wages aren’t increasing with it. When does it end?
Posted on 8/17/23 at 7:11 am to UtDawg
quote:
Inflation is directly related to this administration
eh. This administration has hurt things for sure but the country was already 30 trillion in debt when Biden took office. After all of Trump and Biden's covid spending we were going to be hit with this regardless of who was in office.
Posted on 8/17/23 at 7:11 am to Dixie2023
quote:
Something needs to be done. It’s pure greed. I don’t care corporations lost money during lockdown. So did the average person. Lockdown has messed up many lives. Everything is up bc of “Covid” or whatever, and our wages aren’t increasing with it. When does it end?
Do you have a retirement account? If so, do you expect to make money off those investments? If yes, why are you as part owner of these corporations, so greedy? What should be done to curtail your profiteering?
Posted on 8/17/23 at 7:15 am to Shexter
Food price increases are definitely outpacing the rate of inflation. They are undoubted driving inflation when price differences are compared over the past 3 years.
Posted on 8/17/23 at 7:20 am to Shexter
What are you going to do about it?
Posted on 8/17/23 at 7:20 am to Dawgfanman
I do. And it made a lot of money during lockdown. So I don’t buy it that corporations are suffering. Profit is one thing, greed is another. Maybe most here are floating along with no change to their lives. But all I see everywhere I read is how regular working folks are scared and hardly making it, everything up. And that’s for a decent salary, not min wage. I’ve never had to pass up chicken breasts or ground sirloin saying it’s too expensive. I do now. And I think or thought my salary was quite sufficient. I don’t know what the answer is.
Posted on 8/17/23 at 7:24 am to Shexter
quote:
Only if the selling price increase moved in parallel with the cost increases. This is price gouging.
What if the costs to produce went up at the same percentage of these net profits and the companies just decided they were going to make the same margin as before?
Posted on 8/17/23 at 7:29 am to THRILLHO
quote:
Dunno about eggs, but again, there's 4 companies controlling ~80% of the meat industry, and they're absolutely fixing prices. The fedgov makes it difficult for competition to enter the market and compete.
So let’s put more government regulation and red tape in the way so that even fewer companies can start up and enter the market!
Reducing regulation and government requirements allows for more competition and reduced prices.
Posted on 8/17/23 at 7:45 am to Mike the Tiger 1999
(no message)
Posted on 8/17/23 at 7:50 am to rintintin
quote:
livable wage fee (10%)
That shite is so ridiculous. That's between the employee and employer and shouldn't have shite to do with my bill except changing the price of their goods. Idk why I'm being charged an extra 10% because the company doesn't want to raise their wages any.
I've made a point to start looking and when I find this kind of stuff I'll never go back.
Posted on 8/17/23 at 7:54 am to Tigerlaff
quote:
but you should be very, very skeptical about any claim from Robert Reich.
Yep. Just look at the lovers this guy has worked with in the past according to his wiki page:
quote:
He worked in the administrations of Presidents Gerald Ford and Jimmy Carter, and served as Secretary of Labor from 1993 to 1997 in the cabinet of President Bill Clinton.[4][5] He was also a member of President Barack Obama's economic transition advisory board.[
That's a lot of economic failures he was somehow involved in.
Posted on 8/17/23 at 7:58 am to fjlee90
quote:
They will charge as much as you’re willing to pay, and not a penny more.
This logic doesn't work for all types of goods and services. A lesson learned in an intro economics course.
Overcharging on food is more akin to overcharging on necessities nowadays.
Should all major corporations be able to collude (hint, they are colluding based on easily available information) on upping the price of medicine? People would be forced to pay that.
Posted on 8/17/23 at 8:03 am to GeauxxxTigers23
(no message)
This post was edited on 8/17/23 at 11:32 am
Posted on 8/17/23 at 8:03 am to theunknownknight
Labor cost have gone up steadily over the last few years along with inflation. That is why the fed keeps bumping intrest rate because the demand for goods are keeping core inflation above like 3.5%. Fed wants core down to about 2%, but its such a lagging indicator it takes a while for the intrest rate hikes to affect inflation rate. Long story short, everything is more expensive, not the cost of food alone.
Posted on 8/17/23 at 8:06 am to Shexter
Posted on 8/17/23 at 8:07 am to Oilfieldbiology
quote:
What if the costs to produce went up at the same percentage of these net profits and the companies just decided they were going to make the same margin as before?
You do realize that the huge increase in net income means that their selling price has increased at a far greater pace than their cost of production? Therefore, they have increased their margins exponentially.
They are fricking us.
Posted on 8/17/23 at 8:18 am to THRILLHO
quote:
Small farms have dropped from ~50% of meat production to ~20% of meat production over the past 30 years. Government regulations make it tough for the little guy. Literal fascism.
Big business needs big gov't. The bigger our Fed gov't gets, the more small businesses will go under.
Posted on 8/17/23 at 8:38 am to GeauxxxTigers23
Actually, I do not think that The current inflationary prices are due primarily to Covid. When Dipshit became our president, he raised oil and gas prices through the roof and this caused everyone to raise prices to cover increased shipping cost. Additionally, he spent money like a drunken sailor in his first two years of office and He could never figure out how to correct the supply issues we were having. This further aggravated the inflationary trend. Islay, the current inflation at the feet of Mr. potato head.
Posted on 8/17/23 at 8:56 am to BayouBlitz
Bayou, president, potato head has a lot to do with worldwide inflation. Think about it, when Trump was president the prices of goods and services were very low. Since idiot has been president The prices of all goods and services has gone through the roof.
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