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One hypothesis I have is that as food and labor costs have increased, people eat out less and generate more store traffic. Those shoppers are stuck with the dec
by cmgbhm 4y ago
One hypothesis I have is that as food and labor costs have increased, people eat out less and generate more store traffic. Those shoppers are stuck with the decision to cook and their demand on a per store basis is more inelastic.
- throwaway049 4y agoThere have been some wage rises for UK supermarket workers. But food is food: restaurants are seeing their costs rise too.