Posted on 12/01/2023 1:20:03 AM PST by spirited irish
“”Acknowledged and exposed” is fine until it leads to government intervention.”
I absolutely agree. I have been overregulated out of business myself so I would never suggest more government.
But when crooked schemes are exposed they tend to fix themselves. Even though he was a stinking liberal, where is Ralph Nader when you could use him? His investigations really did actually expose a lot of fraud and price manipulation that made business more honest across the board.
Except it does not work that way.
Labor for example has gone up more than just about any thing so something with more labor involvement will have gone up more then something that requires less labor. In the case of ham it is cooked (where the chicken is not) so you have additional fuel costs (where the chicken does not) and so on.
Your logic really does not work because you have no idea why food items cost what they do.
Prices on different things do not rise at the same rate because they are not the same thing.
You never heard of Fixed and Variable costs did you.
You really know nothing about food production. Or any production.
Please stop trying to act like you do.
“Grocery stores are going low volume high price retail model. I'll bet most food is thrown away. If they sell 2 at a really high price and row away 8 then they are still ahead. Less work.”
Statement by you who also does not know jack or even jill. Excellent observation. Absolutely what I have been suspecting myself. The worst part is, they still do not have a loss because they can also write the spoilage off.
All grocery stores work on SBT. That is scan based trading.
They do not own the product. What they get is a percentage when it is sold. If they do not sell they do not get paid. But they still had to give up shelf space (a fixed cost) and labor (a variable cost). Every unit not sold costs them money. They also have to cover any theft and any spoilage that is not normal shelf life out of that percentage.
You do not know anything about the business you are talking about.
Please stop.
You are starting to make me feel sorry for you.
Inflation is always and everywhere a monetary phenomenon.
This article is nonsense.
A little. Maybe a percent or two.
The invisible hand is giving people the finger.
That’s what Marx would say.
Actually, it’s what a current pragmatist would say and argue. The Covid response was a massive disaster that the middle class will probably never recover from short of a revolution.
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