Is this article from The Onion? What a load of BS! While the rate of inflation has (allegedly) declined, that doesn’t mean that price levels have declined from those existing at the time when Slow began his occupation of the White House.
I’ll blow the whistle... I don’t care what the “private business cult” says. They just don’t want to admit to being greedy opportunists. I have been in business all my life and opportunistic collaborated price fixing and price gouging is absolutely real.
Especially now days when there are large corporate monopolies controlling certain links in the supply chain. I have seen it all my life. and even as a businessman I cannot defend the practices as “normal” or come up with other “excuses” to hide the pure greed.
Yes the economy is bad, costs to produce and deliver are up 50%, but that does not equal a 150% increase at retail, the extra 100% is tacked on as pure opportunistic greed through the supply chain.
The stupid people who would put you in jail for counterfeiting because they only think taxes or their cut isn’t being paid don’t seem to understand the actual, economic reasons why there are laws against it.
This could have been written by one of my Economics professors in college. They were all socialists that thought they knew exactly how to “fix” everything. They were all pompous asses and out of touch with anything that resembled reality.
Had I not needed it for a recipe, I would not have bought it.
BTW, chicken was still reasonably priced.
Bidenomics.
https://www.cbsnews.com/news/proctor-gamble-raise-prices-september-inflation/
I’ll just leave this here...one of many articles from 2021 telling us this was coming.
Is there greed built in? Probably. But there are generally higher costs to do anything. You simply cannot absorb 100% labor increases and not see a result like this.
Shop the sales as best you can...generally speaking; everyone is corrupt, everyone is a grifter, everyone is a liar. Good luck out there.
I wonder how pumping half a billion of taxpayer money into business for covid relief impacted the cash flow and balance sheets - maybe skewing how profits were reported.
Greedflation! That’s the reason the economy is spinning out of control!
If only we had government regulation of prices! And maybe throw in a 5 year government plan for every imeans of production! Sounds like a great idea, with the best of intentions! What could go wrong?
So now it’s “Greedflation” — another way to blame capitalism, and take the heat of of Democrats for their deliberate destruction of America.
Not only has the price per package gone up, but the content per package has decreased. You notice the price increase more when you buy the product by the pound, for example ham, but you notice the content decrease when the package is suddenly empty after 3 servings instead of 4.
I have to wonder how this person knows what any given company's cost increases have been, to even make this statement.
Seems like a little anti-capitalist, class warfare rabble rousing to me.
I was introduced to the lie that merchants and suppliers cause inflation by the murderer Lyndon Johnson.
Inflation is currency devaluation. Inflation happens when the House of Representatives spends more money than it has.
-PJ
Profit margins at grocery chains are razor thin. Research it if you don’t believe it. Drought has added a lot of cost, but the big culprit is our own central government. Shoppers see the final result in the store, but know very little about what goes on beforehand. Federal regulation is a major reason costs continue to rise, and it’s getting worse. Inflation is bad (another Washington source), but it fluctuates due to numerous causes, most of which originate from Washington as well. If you want the price of things to go down, the size and scope of Washington must be reduced. Washington is like a giant malignancy which does nothing but grow, and it’s sucking the life out of our country.
Communists always blame greed instead of their own policies.
The author should tell his readers how much he charges for the groceries HE produces and sells.
Much of the inflation came from a sike in prices during the covid mess and they found out just how much the traffic would bear. They aren't coming back down. Some are commodity driven and the commodities are up for the same reasons. sugar is one example.
Yeah, there is a lot of greed in these prices but it is a self-licking ice cream cone. Once it begins it all just snowballs.