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Food prices soar as incomes stand still

Markup on food has increased exponentially. This is something your not gonna see in the news. Markup on fresh baked goods now comes in at an average of 120% at BJs Whole sale, up 50% from about 10 years ago. I imagine the mark up of non wholesale is higher. Markup on fresh meat is all over the place, from a mere 10%, up to almost 100%, depending on what you get, but it's also up across the board.

How else has profit margins increased to the extent that they have, despite a relatively low growth in unit sales. Meanwhile, wages remain frozen, hours are cut, and top executive pay increases another another 15%.
 
Why is this happening? Well, because it can. And because of vulture capitalism. The majority of grocery stores in the US are owned by just a few capital investment firms. Their goal? Increase profit from Monday to Friday, to the detriment of all else.

Welcome to the new normal.
 
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