Birdwatch Note Rating
2024-08-16 20:35:16 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 74E75CD71B46B5235AE541CAAA2F04C8637924AE57A6DF2B94C57DAB769F745E
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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