Canadians are more likely to blame grocery stores for rising food prices than any other reason, and nearly one-in-five Canadians say they or someone they know has used a food bank in the past year, according to a survey conducted by Nanos Research for CTV News.
Greedlation is real. They go over how a leading economist explains this is solely seller created inflation, and the claim of citizen covid stimulus cheques causing inflation is bogus. And how they all used COVID as cover for price hikes.
https://www.iheart.com/podcast/105-stuff-you-should-know-26940277/
My partner works at a Sobeys doing file maintenance and she does all the price and label changes. She regularly shows me pictures of shrinkflation and price gouging. Some things doubled in price overnight.
It's crazy and she says it's a little bit depressing. And unlike a normal shopper, she's aware of all the deals as well, so that's nice for us.
Hope you get an employee discount too. I loved that when I worked at Sprouts. Of course they maxed me out at 39.9 hours every week. So I kinda got a discount in lieu of healthcare, but still, I liked the perk
This truly sounds pathetic. Although it clearly displays the real power hierarchy.
In February, the House of Commons' committee that studies food prices urged Loblaw and Walmart to sign on to the grocery code of conduct, or risk having it made law. Both organizations have said they will not sign the code as currently drafted, saying it could raise prices for Canadians.
Just to point out in respective of at least "Loblaw" they own a lot more than just grocery stores and just using the profit margin is not a absolute indicator of how profitable they truly are.
We know very little of what is going on in food processing, transportation, and at other companies who participate in the food industry. A proper investigation led by the Competition Bureau of Canada would shed some light on practices in the industry.
With the level of vertical integration Loblaw has, they could easily be playing a shell game with the various stages the food goes through and just bleeding all the money out.
More likely the (conservative) provinces will just give a sweet single-source contract to Aramark or Sodexo in exchange for either a kickback for their own businesses, and/or a post-career board of director appointment.