Nostr

Everyone that talks about grocery price gouging needs to thresh some grain, or butcher an animal. I would not plant, fertilize, harvest, wash, sort, grind, package, ship, warehouse, market, and sell a bag of flour for $6. Yet, there it is on the shelf.

I don’t know about Canada, but here in the US we have food subsidies. Just one example, but they want poor kids to have access to enough nutrition especially calcium; it’s a good thing with bad unintended consequences. The government pays down a couple dollars on each gallon of milk, but only for mega corporations. So you go buy a gallon of beautiful raw milk from your neighbor, it’s $9. You go to the store, the watered down 2% crap with a bunch of pesticides mixed in is $4. They’re both just a gallon of milk. People think the raw bespoke milk is more because it’s designer. They’re right about half of it. The $9 one is raised with love, raised sustainably and cheaply, and doesn’t travel more than a mile before it’s in your fridge. The real difference? The other gets a $5 subsidy from the fed.

nobody 2y ago

Good points. In Canada a major grocer conglomerate just posted record profits. ~50% YOY profit increase. It's obviously a tough statistic to hear.

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Jed 2y ago

Ya that’s crazy! I think here in the US, the profit margin is not really that great. I’ve heard checkers and baggers complain when the grocery store had a 100,000 day. I know what it’s like to run a business. Clerks don’t understand net vs gross.

I’ve looked in the dumpster out back at all the food they have to throw away, I’ve paid a commercial light bill on a waaaay smaller building before, I’ve watched people steal stuff from there, I’ve counted the employees that work there and multiplied by minimum wage. A 100,000 gross day is nothing to brag about because they are not NETTING much.

I can see prices going up by 50%, that’s kinda just consumer price index. Certainly not +50% profit though! Not in this economy..