Birdwatch Note Rating
2024-08-16 01:14:02 UTC - HELPFUL
Rated by Participant: F3A5ADEEE012E2BDF44D8B31001B2656EE59FC670C0BD20CDDE1BA5DDCD89D62
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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