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Joined 7 months ago
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Cake day: February 23rd, 2024

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  • roscoe@lemmy.dbzer0.comtoComic Strips@lemmy.worldXXX
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    6 months ago

    You don’t think the ‘greedy’ food production industry is gonna raise their prices for restaurants?

    It doesn’t matter what I think, or what you think. The intermediate PPI I linked is what they’re paying. And what they’ve been paying has seen annualized deflation of ~5% for most of a year now. Why? I’m not sure. Maybe because we can’t stop eating but restaurants can close their doors if their profit margins disappear so their demand is more elastic. It doesn’t make sense for suppliers to drive their customers out of business. Maybe it’s something else, it doesn’t matter. They’re paying what they’re paying, and what they’re paying has been deflating at 5% annualized for a while.

    Or are you saying…all the restaurants in America, along with all the grocery stores, are conspiring to keep prices high for consumers?

    No need for a conspiracy when there is a lack of incentive to do anything else. Why would they ever charge less than we’ll pay?

    And no single mom & pop shop is like, hey, we could lower our prices

    Have you not been paying attention for the last 40 years? Small business in competition with giant corporations have to run razor thin margins to stay competitive. And if one did manage to find a little fat to cut, Walmart et al. will just run at a loss until they’re gone.

    As long as we can pay, they’ll charge more. Where is the money coming from? I don’t know, maybe it’s the increased savings rate during COVID I read so much about, maybe something else. For things with inelastic demand people will deplete savings and run up credit cards. Once that money has been extracted…blood, stone, etc. The prices will come down, but not until maintaining them is literally impossible. Anything else would violate fiduciary responsibility to the shareholder.


  • roscoe@lemmy.dbzer0.comtoComic Strips@lemmy.worldXXX
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    6 months ago

    The only reason it didn’t go up 20% is you can’t get blood from a stone so they had to take a haircut on their profits. Click the food tab, you can see there has been an annualized ~5% deflation for most of a year now. That’s the point. Inputs don’t determine retail costs, they charge as much as they can.

    And yes, restaurants do buy from wholesalers. The chart I liked is specifically intermediate inputs. If you’re so ignorant about the way things work that you think restaurant owners are going to the grocery store, I don’t know what to tell you.


  • roscoe@lemmy.dbzer0.comtoComic Strips@lemmy.worldXXX
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    6 months ago

    When the cost of produce goes up for you, it goes up for McDonalds, too.

    That’s not happening at all. There has actually been deflation in inputs.

    If you want to know how bad we’re being fucked, search for the PPI, the producer price index. CPI, the one we always hear about, is the measure of inflation to us, the consumer. The PPI is the measure of inflation to producers, what they pay for goods and services to produce the goods and services we buy.

    The PPI has been back to “normal” for a while now. Pretty much as soon as the post COVID logistics issues were mostly ironed out. The difference between PPI and CPI changes is almost all profit.

    We don’t get daily articles on the PPI though, I wonder why.

    Tell people about PPI whenever you can, online or off, the more people know, the better. It’s easy enough to say inflation is just down to greed but being able to back it up by comparing two simple charts will help people really understand.

    PPI

    CPI






  • I watched the miniseries then the show, and there was some additional stuff I watched also but I don’t remember exactly when. There was a spinoff called Caprica, it was good but never got a second season.

    Here is a watch order that includes a couple movies and webseries, but it puts Caprica at the beginning. It is a prequel but I think it would be better watching it after everything else like it was released.

    Edit: if I remember correctly Caprica either has some serious spoilers or there are some things you wouldn’t understand if you hadn’t seen the main show, I don’t want to say anything more but I don’t know why they recommend it first.




  • roscoe@lemmy.dbzer0.comtoComic Strips@lemmy.worldRational Self Interest
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    7 months ago

    You can’t even assume everyone can agree on the same definition of rational. If a business owner is a sadist they might value treating their employees like dirt more than the money they’d make if the business ran more efficiently. For a dickhead, rational self interest could mean forgoing profit to cause misery.