Hacker News new | ask | show | jobs
by Vermeulen 740 days ago
Blaming 'corporate greed' is a easy thing for politicians to do. It's then not their actions that are causing prices to go up.

Easy to point at things like 'record profits' of Loblaws, without looking at if their margins have changed (they haven't). If you keep the same margins and have the amount of business with inflation then of course there are 'record profits'.

1 comments

Their margins actually did go up but it’s kinda hilarious when you see it — they’re squeaking out ~3% these days while it was a razor thin 1.x% before.

Yup that’s an extra buck fitty on your $100 of groceries