3 ms·
Meat is interesting... when I read this at first I was taken aback, thinking that while there might be 1-3 years lag in producers responding to demand, surely m
by jmalicki 4y ago
Meat is interesting... when I read this at first I was taken aback, thinking that while there might be 1-3 years lag in producers responding to demand, surely meat is nearly a pure commodity without market power being involved?
Then I remembered slaughterhouses:
https://www.whitehouse.gov/briefing-room/blog/2021/12/10/recent-data-show-dominant-meat-processing-companies-are-taking-advantage-of-market-power-to-raise-prices-and-grow-profit-margins/ https://www.whitehouse.gov/briefing-room/blog/2021/12/10/rec...
- Animats 4y ago"Comparing the fourth quarter of 2021 to the same quarter in 2020, that same firm increased the price of beef so much—by more than 35%—that they made record profits while actually selling less beef than before."
- to11mtm 4y agoThis is the future we have brought :`) Data analytics and JIT often leads to an invisible cost to the lower class. I remember the days where my parents would go to the meat store and make some random thing off schedule. I remember when I was starting my career and would be able to make do with the 'use it now' discounted meats. Now, not nearly so much. The problem with these improvements is twofold: - They impact impoverished people, which are more likely to be dependent on such discounted items. - They 'hide' inflation cost.
- jmalicki 4y agoMonopolistic pricing and anticompetitiveness has little to do with JIT or data analytics
- bradknowles 4y agoI would disagree. JIT and data analytics make it a lot easier for the maximalist market exploiting capitalists to get to the monopolistic pricing and anti competitiveness, and they can get there a lot faster.