Birdwatch Note Rating
2024-08-16 04:45:35 UTC - NOT_HELPFUL
Rated by Participant: C5B2B604C382A807CE7F3B3B16835702DD3AA8655364E478067637B6E00167C7
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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