Birdwatch Note Rating
2024-08-15 23:48:10 UTC - HELPFUL
Rated by Participant: DA42CC9374597BA94984308938773598320303F333FD9C6E4A89A6071360D94B
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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