The CEOs of Kraft Heinz, McDonald’s, Whirlpool, and Planet Fitness are all saying the same thing: their customers are running out of money.
Since 2020, food prices have been up 33%, and energy prices have been up 48%. Even though inflation has slowed, those prices have never actually come back down.
Did corporations raise prices because they had to, or because they could?
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About The Author
A family sized bag of chips these days is like $10. It’s ridiculous.
Prices are up, but so is "shrinkflation."
They did
Doritos recently admitted that they raised their prices too high for their target market, literally raising prices gradually for over a decade to make up for declining sales. They've finally seen revenue shortages related to this behaviour and cut their prices by seventy cents per bag.
we need more AI datacenters! :>
Blame the ORANGE WIZARD OF MAGATS 😊
Corporations never up prices because they have to. There's no such things as an ethical corporation.
McDonald’s is a baseline employer if people can’t afford McDonald’s McDonald’s can’t afford to hire people. We’re in a recession. We’re in a depression.
Oh…. So it looks like we can’t have a sharing economy like the WEF has tentatively supported where consumers aren’t allowed to own anything and are forced to rent everything or pay subscriptions for it… who would have thought. Especially when it’s impossible to solidify business and market environments and statuses…
I saved a ton of money by eating the elderly