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The State of 'Shrinkflation': Why Biden called out skimpy bags of potato chips
NPR ^
| March 8, 2024
| Alina Selyukh
Posted on 03/08/2024 4:48:17 PM PST by xxqqzz
During his State of the Union address, President Joe Biden reached for one of his top recent peeves: shrinkflation.
"Too many corporations raise prices to pad the profits, charging more and more for less and less," Biden said. He complained about skimpier Snickers bars and added: "The snack companies think you won't notice if they change the size of the bag and put a hell of a lot fewer — same size bag — put fewer chips in it."
Less coffee in a can, more air in a bag of cereal, fewer sheets in a toilet-paper roll — shrinkflation lets higher prices hide in plain sight without instantly shocking shoppers. NPR's Planet Money dubbed it "inflation's devious cousin."
(Excerpt) Read more at npr.org ...
TOPICS: Business/Economy; Crime/Corruption; News/Current Events; Politics/Elections
KEYWORDS: biden; bidenflation; democratmaximus; frdemocratapologist; joesdemapologists; joesdemocrats; shrinkflation
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Kind of funny. Blame companies for inflation. Also, not taking on corporations on real issues.
1
posted on
03/08/2024 4:48:17 PM PST
by
xxqqzz
To: xxqqzz
Blame inflation on Biden flooding the economy with Obama Bucks.
2
posted on
03/08/2024 4:53:42 PM PST
by
Governor Dinwiddie
(LORD, grant thy people grace to withstand the temptations of the world, the flesh, and the devil.)
To: xxqqzz
DE-FUND National Pravda Radio!
3
posted on
03/08/2024 4:53:59 PM PST
by
Diana in Wisconsin
(I don't have, 'Hobbies.' I'm developing a robust Post-Apocalyptic skill set. )
To: xxqqzz
Fewer sheets of toilet paper...I’m sure that concerns Brandon a lot. :)
4
posted on
03/08/2024 4:54:23 PM PST
by
xp38
To: xxqqzz
5
posted on
03/08/2024 4:54:33 PM PST
by
ClearCase_guy
(It's not "Quiet Quitting" -- it's "Going Galt".)
To: xxqqzz
Penny-ante concerns from a penny-ante brain.
Big picture, inflation is “too much money chasing too few goods.” All that matters is price/product quantity regardless of how you measure product quantity (number of chips, ounces, fluid ounces, grams, number of cookies, etc).
Inflation is ALWAYS and EVER caused by government.
Maybe printing FIVE TRILLION out of thin air to pay people to stay home and not produce anything for two years wasn’t such a good idea?
6
posted on
03/08/2024 4:56:09 PM PST
by
ProtectOurFreedom
(“Occupy your mind with good thoughts or your enemy will fill them with bad ones.” ~ Thomas More)
To: xxqqzz
If you don’t like what one corporation is selling, you can go to another one. That’s one of the nicer things about the free market: competition. With socialism, competition is eliminated, and it never works for the benefit of the customer.
To: xxqqzz
charging more and more for less and lessGovernment would never do this.
To: xxqqzz
Someone might want to tell PINO Drooling Spoon that these companies are only trying to hide the increased costs that due to HIS policies!
9
posted on
03/08/2024 4:58:49 PM PST
by
LittleBillyInfidel
(This tagline has been formatted to fit the screen. Some content has been edited.)
To: xxqqzz
Is NPR really so obtuse as to not recognize that the current inflation is the direct result of out of control Federal spending?
10
posted on
03/08/2024 5:01:08 PM PST
by
BenLurkin
(The above is not a statement of fact. It is either opinion, or satire, or both.)
To: xxqqzz
“NPR’s Planet Money dubbed it “inflation’s devious cousin.””
… brought to you courtesy of Joe Biden’s energy and inflation policy.
To: xxqqzz
Biden will expect the Nobel prize in economics for this discovery
12
posted on
03/08/2024 5:02:03 PM PST
by
bigbob
To: xxqqzz
It takes a special kind of retard to think like Biden. My employer manufacturers about 500 SKU’s. The cost to change the label is about $20,000 per item.
Changing the size is not something companies do in a whim.
Biden’s pedophilia has rotted his brain
13
posted on
03/08/2024 5:02:20 PM PST
by
cyclotic
(Don’t be part of the problem. Be the entire problem)
To: xxqqzz
His proposed corporate tax increase will fix this. /s
14
posted on
03/08/2024 5:05:38 PM PST
by
gundog
( It was a bright cold day in April, and the clocks were striking thirteen. )
To: xxqqzz
Joe apparently has no clue that when you follow the dots — or, to be more accurate, line up the chips — they lead directly to him.
15
posted on
03/08/2024 5:07:05 PM PST
by
JennysCool
("It's easier to fool people than to convince them that they have been fooled." - Mark Twain)
To: ClearCase_guy; 21twelve; wastedyears
I am a big fan of the Milton Friedman T-shirt with Metallica lettering.
16
posted on
03/08/2024 5:08:46 PM PST
by
DoodleBob
(Gravity's waiting period is about 9.8 m/s²)
To: ProtectOurFreedom
I agree with the cause of inflation? But why are there too few goods? Is production output being restrained purposefully?
17
posted on
03/08/2024 5:10:14 PM PST
by
joesbucks
(It's called love-bombing. Claiming he's saving the world. This is a cult. Just back away. )
To: Telepathic Intruder
But there’s plenty of competitors. No one seems to be competing.
18
posted on
03/08/2024 5:11:19 PM PST
by
joesbucks
(It's called love-bombing. Claiming he's saving the world. This is a cult. Just back away. )
To: xxqqzz
"The State of 'Shrinkflation': Why Biden called out skimpy bags of potato chips" Those companies were doing biden a favor by hiding the obscenely high inflation of bidenomics. Biden just turned around and bit them in the ass.
19
posted on
03/08/2024 5:14:07 PM PST
by
clearcarbon
(Fraudulent elections have consequences.)
To: joesbucks
It’s not so much too few goods as the ratio of money supply to product supply.
“Too few” doesn’t really mean not enough goods are being produced. It means too few in comparison to the dollars in circulation.
20
posted on
03/08/2024 5:16:08 PM PST
by
ProtectOurFreedom
(“Occupy your mind with good thoughts or your enemy will fill them with bad ones.” ~ Thomas More)
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