Birdwatch Note Rating
2024-08-15 23:32:11 UTC - HELPFUL
Rated by Participant: 7048F6FA1A16D0F910A6795EE160200EAD9B51AEA40040C5C0A6DC83C6E7D642
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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