WN shares doubled. Loblaws, Zehrs, Your Independent Grocer, Provigo, Atlantic Superstore, Fortinos, Dominion, Independent City Market, Valu-mart, ARZ Bakery, Wholesale Club, T&T Supermarket, Real Canadian Liquorstore, Real Canadian Superstore, No Frills, Maxi, Extra Foods and Shoppers Drug Mart.
These Corporations & News are owned by the same entities, I would not trust any sources, unless if it comes from the workers itself because some of these experts can be bought too, in this day and age people have to use their intuition and consistent moral pattern recognition when consuming news.
Check the timeline, price gouging came in 2020/2021, bird flu has only impacted for a few weeks. Besides a Kroger executive admitted during questioning by FTC that they artificially jacked up prices for milk and eggs.
Absolutely shameful. They were profiteering and pretending it was inflation. How do these monsters sleep at night knowing people went hungry because they couldn’t afford the steeper prices?
And when Mass deportation begins and egg farms lose cheap migrant labor, they'll have a ready made excuse to hike egg prices again. And they will. A lot.
I worked in cpg for over 20 years and we increased prices 24% on our items after Covid because of supply chain and guess what the companies never put a decrease in when prices evened out so not sure why that’s Biden fault… one retailer told me 99% of companies put increase in…no one decreased the $
That is the way Trump works why not tax the corporations and use the funds to pay down our debt and his billionaires can help feed the homeless and the food bank's 😉
Avian flu has reduced the number of hens that lay eggs by thousands. Workers in egg farms are catching avian flu. It is supply and demand. When there is a surplus of eggs they are less expensive than when the farms are filled with thousands of dead hens. That is how it works.
Corporate profit margin is not the only place profit shows up. Stock buyback and internal executive packages, help keep the profit margin looking less gougie...
(Don't forget retail is just on cog in the industry, HUGE profit in the supply chain and monopolization of agriculture).
And, because of the people who wouldn’t stop complaining about the price of eggs…they handed our democracy over again to an insurrectionist, a sexual predator, a felon and a life long criminal.
Yep - I am tired of the “I voted Trump because the price of eggs is so high”! What a load of bollocks. These voters should cone straight out and admit that they did not want a woman of color in the office. But they don’t have the guts and cannot articulate why either.
of course he is going to compensate them for giving him a topic to run on. I won't be surprised to see them raise the price beyond the addition of tariffs
I agree, but there is another factor to be considered. The cost of eggs is also high because many commercial laying flocks contracted H5N1 bird flu and had to be put down. Fewer layers, less supply, higher prices could be charged.
☝️☝️this. The avian flu has been decimating egg laying hens since 2022. Tfg rolled back inspection rules in 2020. Big ag is already notorious for bad practices and isn’t getting better. Also, monopolies in egg farming don’t create healthy sustainability.
And that's not the worst of it, unfortunately-H5N1 has gone on to infect dairy cattle, other animals, now has begun the jump to humans. But I'm sure, as the incoming president will think, everything is fine, one day it will "go away." They say no infected meat, milk, eggs will make it to market.👀🙄
Ugh, the incoming dumbshit. 💯, there are more and more reports of it infecting many different species. The CDC has a timeline of types of infections and efficacy of the virus. Still low deaths in non-birds but the fact that it’s mutating…mother natures fuck you to us.
So we’re struggling to afford eggs, and the solution is to give billion-dollar corporations a tax break? Makes perfect sense—if you're living in a cartoonish dystopia.
And President Harris was going to go after these price gougers but instead we get tarriffs. Americans are stupid AF, no suprise. (not a campaign slogan, just the fkn truth)
Comments
https://www.reuters.com/business/healthcare-pharmaceuticals/chicken-culling-disposal-raise-concern-bird-flu-spreads-2024-07-18/
https://m.macrotrends.net/stocks/charts/KR/kroger/profit-margins
(Don't forget retail is just on cog in the industry, HUGE profit in the supply chain and monopolization of agriculture).
He's preparing to fuck you over. As January 20th rolls around, remember this is YOUR fucking fault.
Bureaucracy is why we pay so many taxes.
Being a politician should be a public service, not a lucrative career.
Oligarchy
By definition.