Birdwatch Note Rating
2024-08-16 03:47:13 UTC - HELPFUL
Rated by Participant: 227F6F86664815C7E49527E555C9752B083946DC1E99F398471C799BD9B38DFA
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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