Birdwatch Note Rating
2024-08-15 22:57:55 UTC - NOT_HELPFUL
Rated by Participant: A3AA3A335B56894413AF87D7386310EB6511FF2DFD9A529A530A18788F8E2D04
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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