Birdwatch Note Rating
2024-08-21 12:54:42 UTC - NOT_HELPFUL
Rated by Participant: 55196D08DCC11C68A0CA75E55D522C4F2655F6E98823EDB54DA34E71A3A2DDC7
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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