Birdwatch Note Rating
2024-08-16 00:53:26 UTC - HELPFUL
Rated by Participant: 4359BC89E93F2E875A070E5251E18B1C1A34C0CE0AAD2E61A9F09C026FD49CD9
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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