Biden Accuses Grocery Companies Of “Ripping Off” Americans.
This may be a small thing, but I’m excited this issue is being addressed. I’m tired of under-filled…
I’ve weighed the contents of a 15 oz can of beans: about 9-9.5 ounces are the drained beans, with the liquid comprising the remaining 6-5.5 ounces. Amazing.
I usually cook my own dry beans in my Instant Pot — but even the price of dry beans is going up, up, up.
Here are the top political news stories for today.
@R3publicTimSocialist2yrs2Y
Interesting how gasoline prices vary up and down with supply and demand, currently dropping significantly from a year ago. Yet grocery prices remain stuck at high levels, never dropping, only moving upward. Moreover, gas prices move rapidly in small increments, while supermarket item pricing is nearly always full dollar amounts - $4.99, $5.99, $6.99, etc.. The structure and dynamics of grocery pricing signal little relation to costs. That sure seems like the outcome of monopolization among food growers and retailers.
@Sw1ngStateDukeGreen2yrs2Y
Painful... The average American consumer may see that prices of groceries are indeed high(er). However basic economic principles of price elasticity (choosing to buy something else when the price of a preferred commodity is considered too high) are lost on us. I may choose to eat chicken over higher priced beef, i.e. Then there is the notion that "falling inflation" means lower prices... NOT! Simply means the rate at which prices are rising is now slower BUT STILL HIGHER. Lastly, certain products are inelastic in that we must have them at any price. Food in general, like elec… Read more
@R3publicTimSocialist2yrs2Y
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