Birdwatch Note Rating
2024-08-16 17:21:32 UTC - HELPFUL
Rated by Participant: F0D3071209AC7E62F6601D4C63B43BF8EAAB8FB6E85829BF4264B8B0CD281D20
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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