Birdwatch Note Rating
2024-08-15 23:28:26 UTC - HELPFUL
Rated by Participant: E7F4FF94FA5E92EEA6FB98065588D8A1D6A87E99EF46DD5CD5CD8702F1EF2F8A
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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