Birdwatch Note Rating
2024-08-16 01:16:33 UTC - NOT_HELPFUL
Rated by Participant: 127C3AC6C7C85ADF29E04D95296BF594CD027A79222065AE54B4A3B656849570
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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