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He's a Reddit-type reactionary, and the furthest thing from a trained economist. That analysis takes no consideration of the supply chain at all, and doesn't co
by floundy 1y ago
He's a Reddit-type reactionary, and the furthest thing from a trained economist. That analysis takes no consideration of the supply chain at all, and doesn't consider that if the thesis is true, perhaps the store selling the eggs are the ones making the majority of excess profits and not the egg farms.
All throughout this saga of people screeching about eggs, I've never paid more than $4 a dozen for organic eggs. How are Trader Joe's and Market Basket continuing to offer such prices to customers (non-organic eggs continue to be around $3 per dozen), if the egg suppliers are the ones collecting excess profits? Surely the suppliers are not charging less to Market Basket, a small regional grocery chain, than they're charging to Stop & Shop right across the street, an internationally owned food conglomerate? Why is Stop & Shop not selling any eggs for less than $7 per dozen, then?
- superkuh 1y agoAh, I suppose the WSJ is reddit-type reactionary too? Maybe it is useful having them repeat this story so people with (different) ideological biases can perceive it without discomfort on hearing Doctorow's name.
- floundy 1y agoI just left a parent comment poking holes in the WSJ article, too. The author of the WSJ article, Patrick Thomas, is also a journalist, not an economist.
- dpkirchner 1y agoYou kinda just said "nuh-uh" at the WSJ article without providing any counter-evidence. I wouldn't call that poking holes, IMO.
- mapt 1y agoEggs have often been a notable loss leader in supermarkets. The business tolerance of that status is reliant on specific cost expectations, and retailer behavior has varied in response to the price hikes. While egg prices are going to vary regionally, you can get a more authentic picture from restaurant bulk supplier prices. Aldi used to charge 59 cents a dozen, limit two dozen. Not any more.
- loa_in_ 1y agoAren't trained economists exactly the kind of people who'd suggest greedflation as a growth strategy?