4 ms·
Somewhat unrelated to the old lawsuit, but not entirely since they're being accused to the same behaviors. There have been calls for the FTC to investigate them
by autoexec 3y ago
Somewhat unrelated to the old lawsuit, but not entirely since they're being accused to the same behaviors. There have been calls for the FTC to investigate them for "price gouging, price coordination, and other unfair or deceptive acts" (https://farmaction.us/wp-content/uploads/2023/01/Farm-Action-Letter-to-FTC-Chair-Lina-Khan.pdf https://farmaction.us/wp-content/uploads/2023/01/Farm-Action...)
It's beyond absurd to suggest that Cal-Maine deserves a "reward" of > 700% profit for their chickens not getting a disease. I can't even fathom your reasoning there. Their "reward" should be "having plenty of eggs to sell when some of their competitors don't" not record high price increases for no reason in the middle of a global pandemic where household debt is at record levels and families are struggling to keep food on their tables and roofs over their heads.
- Aunche 3y agoThey didn't make $7 profit for every $1 in costs. They made 700% more profit than the previous year, bringing it to about the same profit margin as Apple for a year. Do you think that Apple should be content with having plenty of iPhones to sell? Why shouldn't egg producers be allowed to have the same profit margins as tech companies?
- whatevaa 3y agoYou can get by without the latest iPhone. How long will you last without food? A tech toy and food, what a comparison... What's next, let's jack up water price?
- Aunche 3y ago> You can get by without the latest iPhone. How long will you last without food? So you deserve more money for providing a luxury instead of a necessity? Limits placed on how much you could profit from food never made food cheaper. It has discouraged people from providing food.