Birdwatch Note Rating
2024-08-16 13:54:05 UTC - NOT_HELPFUL
Rated by Participant: 3ED468754C6F07B83FE4BABF780685BCAE16E69B30268C2925997C3FE18762F4
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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