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Don't care what the reason is.
(lemmy.world)
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this post was submitted on 19 Apr 2024
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None of these companies are worried about me when they jack their prices up while people are struggling. I don't know why I would ever give a shit about them. I'm just here to buy moisturizer and stay in my lane.
Here is some of the Loblaws grocery store markup that was leaked.
The figures in the screenshot are too small to see clearly; not wanting to be "that guy" who just says so and buggers off, I found an article that has the full-size copy of each page: https://thedeepdive.ca/selling-butter-at-54-profit-leaked-docs-show-loblaws-exorbitant-markups/
Bless you.
Look at Mr Moneybags over here, buying moisturizer.
Leredditor joke
Theft does make prices go up though, you know? It also makes stores close in underserved communities.
Cool, still not my problem. They can hire people to care about it, I'm not ratting people out. And let's be real, a lot of those companies lie and blame theft for higher prices and store closures and then it turns out they're actually full of crap. Target got caught doing that like 5 minutes ago.
See you're assuming they wouldn't jack up the prices even without theft, as someone who studied business it's literally taught to see how far you can push before the breaking point. line go up. It does suck in undeserved communities but there's not much we can do, people in those communities often vote against their best interest.
The breaking point, though, is the point when consumers will look to alternatives, e.g. a different store. As long as there are other options available, competition does usually do a decent job of keeping prices down.
And companies in a free market would never, ever collude to keep prices high in the face of that very competition you think will keep prices down, right? In fact that's exactly what we're seeing right now, is prices being kept down by the absolutely healthy competition in the Canadian grocery market, right?
Look collusion is a thing, but it's illegal. Grocery stores, even the big chains in the US anyways are pretty cutthroat, they aren't making huge profits they're fighting to survive vs Amazon and the like. Anyways my point is that the claim that costs don't affect prices (and therefore losses from theft don't affect prices) is just silly.
if the community couldn't afford it, they were being exploited not served. dont pretend these people are being supported by these corporations.
if the prices go up, you should steal too. market pressures, babe.
if this isnt sustainable, then let's build guillotines and do something else.
Prices go up regardless of wage increases or thefts. Prices are coupled with only one thing and that is corporate greed.
That is corporate PR bullshit that you swallowed hook, line and sinker.
https://www.nbcnews.com/business/business-news/target-blamed-theft-violence-crime-closures-rcna130443
I read through the article and I agree that it is wrong for Target and other companies to blame crime for underperformance when crime isn't the real culprit. But that was an example involving 9 stores. There are tons of examples of stores closing citing crime if you search for it. I think it's unhelpful to hand wave all of them away as PR.