Anyone with grade 5 math skills could have reached the same conclusion. 8% interest, 30% price increase. It’s not hard. Oh, and let’s not forget that grocery chains reported record profits that year.
Y’all would be fucking horrified by the state of food manufacturing if you knew.
I used to work at a food processing and distribution company, in the document processing department… we weren’t strictly supposed to read the audits, especially the internal ones, but we did, to make sure they were complete and compliant, which was our job. Also our job was intensely boring and we needed something to gossip about.
The number of our distributors (first level manufacturing) who got C or D grades on their inspections… fucking gross. I reported a few of them, but the company did not care.
Before that I worked at a chicken hatchery. The cultures I cultured -doing an audit just like those I read later in life- were sooooo gross and problematic. But I was instructed to cover it up because, and this is important context, it was all self report after the initial inspection. I was doing this at 16, and was likely significantly more thorough than any veteran employee would have been. (Absolutely not why I was chosen; they chose me due to incredibly mild nepotism, as my manager was my step-dad, and he knew science stuff was up my alley… plus I was a filler worker, being under 18.)
I really hope things have improved, but somehow I doubt that the past 20 years has made a positive impact from my audit experience. (The document processing was less than 10 years ago, supporting my belief nothing has changed for the better.)
This is how you deal with people like him. After trying to treat them fairly, act with strength and authority. Hit them in the wallet whenever possible.
I buy most of my groceries at a local employee owned chain. It’s amazing how they were able to avoid so much of the massive increase in costs that larger chains were experiencing. It’s like they had a completely different supply chain that wasn’t anywhere near as inflated. Oh sure, certain brands seemed to be going way up in price, but other items from competing brands didn’t. Meanwhile at Walmart, everything went way up in price, and at a much faster pace. Weird how that works.
I guess the giant monopolies must not have the resources and experience required to run an efficient business. How else can you explain the disparity?
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