Birdwatch Note Rating
2024-08-16 04:11:48 UTC - NOT_HELPFUL
Rated by Participant: 10A926EF8161C2AD6190E12D454BE3FE1453183E100A9EF6656F68CFD1C6C117
Participant Details
Original Note:
There is no notable price gouging in these industries. According to the most recent data available from NYU (January 2024,) the average net profit margin in the retail grocery and food industry was 1.18%. The recent food prices have been due to high labor prices, not profit. https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/margin.html?nofollow=true
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