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It is not 15% mark up. It is 50%. Over 50% of the rise in prices for groceries during the pandemic are from corporate profits. Raises in input costs (38%) and
by superkuh 4y ago
It is not 15% mark up. It is 50%.
Over 50% of the rise in prices for groceries during the pandemic are from corporate profits. Raises in input costs (38%) and labor (7%) made up most of the rest. When the price raise is 50% increased profit during a time where a large fraction cannot afford enough to eat this is price gouging. It is extremely clear.
ref: https://www.salon.com/2022/10/19/katie-porter-pulls-out-chart-at-hearing-to-show-corporate-greed-is-the-biggest-driver-of-inflation_partner/ https://www.salon.com/2022/10/19/katie-porter-pulls-out-char... , https://porter.house.gov/news/documentsingle.aspx?DocumentID=498 https://porter.house.gov/news/documentsingle.aspx?DocumentID...
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