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eestileib ,

She spent all her money on the dozen yards of fabric it took to make that jacket, of course she can’t afford groceries!

(I kid I kid I love this woman and hope she keeps winning)

conditional_soup ,

It’s my understanding that grocers themselves tend to operate is miserably thin margins, especially when they don’t have the kind of leverage of large, national chains. I know someone whose family operated a community grocery and they were actually relieved when the building caught fire. They didn’t depend on the income, it was just something they took over to serve the community, and it ended up feeling like an anchor around their neck. Seems likely that this is largely an issue that lies with the food producers.

Talaraine ,

My father says the same thing about the slim margin of oil companies. That being said, when that slim margin is in the billions and millions of people suffer for it, there's room for inquiry.

Empricorn ,

“high grocery prices”

I don’t think most people are specifically targeting retailers, who make very little percent per item, as you said. But manufacturers were raising prices before the pandemic, during it, and now…

blazera ,
@blazera@lemmy.world avatar

Thin margins has always just been corporate propaganda. Those margins have widened alongside the wealth gap for decades.

return2ozma OP ,
@return2ozma@lemmy.world avatar

On Thursday, during a virtual public meeting hosted by the FTC and the Department of Justice, Khan said the probe would “shed light” on why prices and profits at grocery chains “remain so high even as costs appear to have come down.”

"We want to make sure that major businesses are not exploiting their power to inflate prices for American families at the grocery store,” she said.

Khan plans to formally ask the FTC to launch an inquiry, but the process will only proceed if the commission votes in favor of it. Should the inquiry gain approval, the agency would require big grocery chain operators to provide information on their sales, costs, and profits for commonly purchased items.

Fredselfish ,
@Fredselfish@lemmy.world avatar

This why the GOP want to have her removed and why billionaires were asking Harris to have her removed. We need vote and make damn sure she stays in power and FTC gets teeth to fight against all the greed.

return2ozma OP ,
@return2ozma@lemmy.world avatar

Watch this new video about her from More Perfect Union: youtu.be/J7ZdU-1fF8g

TheLimiter ,

Thanks for posting this.

return2ozma OP ,
@return2ozma@lemmy.world avatar

We must protect her at all costs.

capt_wolf ,
@capt_wolf@lemmy.world avatar

A proposed inquiry would “shed light” on why grocery prices remain so high

Greed…

The answer, as for so many others, is greed.

some_guy ,

How could capitalism ever turn out this way? /s

girlfreddy ,
@girlfreddy@lemmy.ca avatar

Thank Reagan and Thatcher for that fucking mess.

some_guy ,

Most evil political duo of my lifetime for sure.

nomous ,

Fucking trickle down Reaganomics Heritage Foundation bullshit. They’re still around and still dragging the country down.

refurbishedrefurbisher ,

And thank the capitalist system for allowing that mess to happen to begin with.

Can’t buy politicians if you put a hard cap on wealth and workers own the means of production.

QuarterSwede ,
@QuarterSwede@lemmy.world avatar

It’s amazing how many people don’t understand this. Prices go up for a long time and almost never come down after because that would lead to losses and a stock dive. But the narrative is that it’s greed. It’s not bloody greed, it’s Capitalism’s process. Want that to change, stop putting money in the stock market.

girlfreddy ,
@girlfreddy@lemmy.ca avatar

I’d love to, but I have 2 locked-in RRSPs that can only be invested in the stock market (from former jobs). It pisses me off to no end that I have exactly zero control over them … and have just (in the past 2 years) gained what I lost in the 2008 crash.

Fuck Wall St and fuck jobs that force me into the stock market.

grue ,

It’s not bloody greed, it’s Capitalism’s process.

Why’d you say the same thing twice?

Pistcow ,

worked for a food distrobutor during covid and they had a meeting about jacking up prices on covid supplies and all other items. At the time I said the covid supplies was a big issue. Nope, full steam ahead. I even did a whistlr blower complaint to the FTC with all the documents. Nothing ever came of it.

Tujio ,

My work magically got a supply of N95 masks early in Covid. It was unexpected, so we didn’t have a plan or a system for them. Didn’t think to have a limit or anything.

A crew from Albert Lee bought every single one, took them back to their store, and sold them at 100% markup.

Empricorn ,

I was at the grocery store yesterday. A single shrinkflation Hershey’s bar was $2.49. Some prices have doubled in 1-5 years… Are you fucking kidding me!?

mysticpickle ,

Imagine paying two and a half bucks for brown wax 🤢

nomous ,

Ain’t that the truth. If it were a $3 chocolate bar made by a chocolatier in a real shop with a decent amount of cocoa in it that might be worth it. But it’s really disappointing mass produced slightly vomit-tasting brown wax, it’s disgusting and barely worth $1.

MediaBiasFactChecker Bot ,

Quartz - News Source Context (Click to view Full Report)Information for Quartz:
> MBFC: Left-Center - Credibility: High - Factual Reporting: High - United States of America
> Wikipedia about this source

Search topics on Ground.Newshttps://qz.com/ftc-probe-grocery-price-surge-consumers-inflation-1851611874

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