Birdwatch Note Rating
2024-08-16 15:09:49 UTC - NOT_HELPFUL
Rated by Participant: 69294D3B481414CD2A1F772CE4DDE64EDFDB81EB01F9D23F62F2F2EE770A4B4C
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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