Says the guy who gladhands and shitplayes the entire TX power system whenever it goes out." "Obviously Corporate America would never do this to this? There must be a good reason, other than profits"
There are some in our nation that believe PROFITS is the only reason needed for an action. If they did it . . .it could be wrong BUT IF THEY DID IT FOR PROFIT . . .well they were right to do it!! Rocket River
It is truly chasing something that is uncatchable If a company is making a profit of a million a year every year That simply is NOT good enough They need to make a 1.1 million then 1.21 million . . .need to make those 10% increases every year else no one will see it as profitable and successful once they reach peak market saturation . . .they have no where else to grow The only way to get that 10% is to cut costs . . .. which means cutting quality . .cuttting workers pay or workers in general (more work with less workers) This is the cycle that is killing America Right now Companies are PISSED about Low Cost Post Office (want the goverment out of the way so you can no longer send letters for 50 cents) They HATE FREE EDUCATION . . . because that is a gold mine of Profits to be made seems like 50 % of new roads are toll roads - subcontracted to private companies anything FREE is a thorn in the capitalist side . .. . . SOMEONE SHOULD BE MAKING A PROFIT ON IT!!! Rocket River
The article says that, not the Kroger exec. The journalist is leading you down a path. He describes a very mundane pricing phenomenon that doesn't really fit into the definition of price gouging. The article has a lot of quotes from other people wringing their hands over it, but the evidence itself is pretty paltry.
think you have conveniently forgotten the journalist's reference to the email by the exec if it is mundane, it is not a phenomenon !
I saw an article about 2 years ago where an executive for a major food producer (I think Conagara. Could be wrong) said consumers were not paying enough pre-pandemic and this was a way to reset and consumers are still getting good value.
I do not know if any on here have seen Food Inc. Pretty sobering documentary about the flow of food from farm to our tables, and the big company bullies and how they strong arm all in the process. Worth a watch.
If there's a monopoly or collusion, it should be addressed. Otherwise, it's supply/demand market forces and using big data for up-to-the-minute pricing, which is something that Walmart has been doing for a long, long time. I don't specifically care about it, they deserve to make a profit, as long as it's fair and the market isn't being manipulated. Also, **** eBay and other monopolistic tech companies. They need to be broken up.
I don't think it means what you think it means. But I don't want to go back and forth about it. Happy Labor Day!
https://www.producebluebook.com/202...on-digital-price-tags-implying-price-gouging/ in the age of Artificial Intelligence, Electronic Shelving Labels / digital price tags / dynamic pricing are euphemisms / tools used for price gouging Senators press Kroger CEO on digital price tags, implying price gouging ESLs are digital price tags that allow companies to engage in dynamic pricing, changing the prices of goods based on temporary factors such as the time of day or the weather. By updating price tags with the simple click of a button, corporations can price gouge, suddenly raising the consumer costs at times when certain products are in highest demand.
A little economics lesson for @adoo. too bad he doesn't have the intellectual capacity to understand this, although it's already dumbed down for him
That self proclaimed resident economist simply does not have the brain cells to understand basic economics. Lol
you don't know what i think. i referenced to the article which details the email by the Kroger pricing executive,
Didn't say I did. I just know we disagree because you're presenting a piece of smoking gun evidence and I'm saying I don't see any smoke.
1.09 for hybrid cauliflower cleaned, washed, and transported seems like a good deal to me. If they are gouging prices, going by this picture, they are doing it wrong.
A popular grocery store in Louisiana has admitted to price gouging, just like the what the Krogen Executive had testified in court, raising prices on essential items like milk and eggs beyond what was necessary due to inflation.
From Forbes, A Price Gouging Ban Isn’t So Crazy After All Price gouging and price manipulation in the grocery industry have been widespread, driving food prices up over 30% since 2019. Meanwhile, contrary to the claims of economists, demand has stagnated. Leading food companies made more money by selling less food. Kroger’s admission validates criticisms of the merger, pre-pandemic, historically, retailers had generated low single digit profit margain. Trump's ill-conceived trade war---causing global supply chain bottlenecks--- started the inflationary upward trend. the highest inflation rate in nearly 40 years was just below 9%, in late 2022. Kroger, Albertsons, Target and Dollar General all saw double digit net income growth from 2020-2021.
