• protist@mander.xyz
    link
    fedilink
    English
    arrow-up
    88
    arrow-down
    4
    ·
    1 year ago

    Everyone seems to think saying this is all he’s doing, but that’s incorrect.

    He issued an executive order in 2021 to orient his administration to increase enforcement of antitrust law among all departments and promote competitive practices wherever possible. There has definitely been an uptick in antitrust cases since then, and inflation has also decreased significantly.

    https://www.justice.gov/atr/antitrust-case-filings

      • lolcatnip@reddthat.com
        link
        fedilink
        English
        arrow-up
        21
        arrow-down
        8
        ·
        1 year ago

        You seem like the kind person who, if firefighters rescued you from a burning building, would be pissed at them for not preventing the fire in the first place.

    • SupraMario@lemmy.world
      link
      fedilink
      arrow-up
      25
      arrow-down
      7
      ·
      1 year ago

      There’s a shit load of people who would disagree with you… inflation might have decreased based on some metrics no one uses…but my $100 at the grocery store does fuck all to buy food now.

      • protist@mander.xyz
        link
        fedilink
        English
        arrow-up
        13
        arrow-down
        5
        ·
        1 year ago

        Disagree with me how? The inflation rate has objectively decreased from last year and the year prior. That doesn’t mean prices have gone down, just that they’re going up now at a rate closer to the historical average over the past century. People absolutely can afford less now than 3 years ago after inflation spiked, but with it returning to average levels, wages are also starting to catch up more.

        These are all general population trends also, and can’t be used to describe or predict any one person’s situation

      • Techmaster@lemm.ee
        link
        fedilink
        arrow-up
        4
        ·
        1 year ago

        That’s because the inflation already happened. What you’re complaining about is that there isn’t any deflation.

      • CapeWearingAeroplane@sopuli.xyz
        link
        fedilink
        arrow-up
        8
        arrow-down
        4
        ·
        edit-2
        1 year ago

        You have to remember: Inflation tells you how fast prices are increasing. We want a certain degree of inflation (typically around 2% is healthy for the economy). The problem occurs when inflation is too high, so that wages don’t keep up, that’s what we’re seeing now. When inflation decreases, that means prices are growing less fast, not that they’re decreasing.

        Decreasing prices (across the board) would be deflation, which is terrible (think Great Depression / 1930’s Germany terrible). If your 100$ is worth more tomorrow than it is today, then why would you spend it today? You wouldn’t (except for necessities). That leads to a massive drop in investments, not only in the “Wall street” sense, but in things like building houses, building factories, hiring people etc. it also causes wages to decrease. This goes on until production and wages hit a low point where there’s huge amounts of money in circulation, very low production/employment, and very low prices. That’s when you get a whiplash to a situation where everyone has money to buy stuff, but no one is making it, aaaaand we have HyperInflation™

        In short: Your 100$ has in fact never been worth less than now, and that’s a good thing. We just want it to decrease in value more slowly, and things are going in the right direction. It could still take a year or two for wages to catch back up, but we’ll get there. Current policies are helping the situation.

          • CapeWearingAeroplane@sopuli.xyz
            link
            fedilink
            arrow-up
            8
            arrow-down
            2
            ·
            1 year ago

            I won’t repeat the whole argument, but I have to admit like it seems you didn’t catch the core part.

            You should be able to get food and survival on basic pay. Prices should increase slowly over time. Basic pay should therefore increase at the same pace, or slightly faster, than prices are increasing. The issue you have now is not really the current inflation, but that inflation has outpaced wage growth for the past couple of years. Price growth isn’t a problem if everybodies wages increase at the same rate as the prices grow, or faster, agree?

            Now that inflation has slowed down, wages just need a little time to catch up. <= That right there is an important point. You don’t want prices to decrease to match your current pay. That breaks the economy bad. You want your wage to increase to match the current prices.

            Another major issue you have is that minimum wage hasn’t kept up with inflation, that’s a regulatory issue. Also your unions had their collective back broken a couple decades ago, that didn’t help either.

        • rchive@lemm.ee
          link
          fedilink
          arrow-up
          1
          ·
          1 year ago

          When Trump dumped a bunch of money on the economy in 2020, he did contribute to a bunch of inflation, yes.

  • EveningPancakes@lemm.ee
    link
    fedilink
    arrow-up
    40
    arrow-down
    2
    ·
    1 year ago

    This is going to do fuck all.

    Geico decided to raise my monthly insurance rate by 129%, despite nothing on my end contributing to that (no tickets, no accidents). When I called them to make sure this wasn’t an error, essentially I was told “Sorry, parts got more expensive. Fuck off.”

  • Dizzy Devil Ducky@lemm.ee
    link
    fedilink
    English
    arrow-up
    38
    arrow-down
    4
    ·
    1 year ago

    Oh boy! The president telling his bosses to stop screwing over the common people! Surely this will not backfire in any way whatsoever! /s

    • GiddyGap@lemm.ee
      link
      fedilink
      arrow-up
      12
      arrow-down
      3
      ·
      1 year ago

      If history is any indication, Republicans will definitely not take the side of corporations over consumers, right?

  • Endorkend@kbin.social
    link
    fedilink
    arrow-up
    32
    arrow-down
    2
    ·
    1 year ago

    Since corporations are expected to display near continuous growth, they literally can’t stop the gouging.

    Until they are forced to somehow, things will get worse.

    • Immersive_Matthew@sh.itjust.works
      link
      fedilink
      arrow-up
      6
      arrow-down
      9
      ·
      1 year ago

      Absolutely and that is how they should behave,with the law/regulations reigning them in. It is the latter part that has been hijacked by highly centralized groups with lots of money and we the people not making much noise about it. They think they are cleaver, but what they fail to understand is that tipping the rules to make it a free for all, sucks the oxygen out of the economy as we are seeing and all will suffer including their businesses. Fools

      • KeenFlame@feddit.nu
        link
        fedilink
        arrow-up
        1
        arrow-down
        2
        ·
        1 year ago

        Apologist swine

        What about the honourable people that do not gouge

        You don’t think they are worth anything

        But I do

        Fuck this hypercapitalistic mindsetting

  • jordanlund@lemmy.worldM
    link
    fedilink
    arrow-up
    23
    arrow-down
    7
    ·
    edit-2
    1 year ago

    Too tired to cook tonight, my wife already cooked for herself, so I hopped on GrubHub:

    That’s before GrubHub fees, delivery fees, driver tip.

    A single Whopper meal with all that included:

    Meal - $16.47 (large sized)
    Delivery Fee - $0.99
    Service Fee - $2.14
    Total - $19.60

    Add a tip for your driver (20% suggested) $3.72

    (No idea how they’re getting that… $3.72 would be 20% of $18.60 so I guess they’re calculating it based on the meal + the service fee?)

    Regardless, $3.72 is a shit tip for a delivery driver, $4 is my minimum.

    So dinner, for one person, delivered, $23.60.

    Anyone remember when a Whopper was $0.99?

    (yeah, no, made a sandwich instead)

    • Vespair@lemm.ee
      link
      fedilink
      arrow-up
      20
      arrow-down
      2
      ·
      1 year ago

      That’s not actually before all fees though, because on top of the fees you mentioned that GrubHub/door dash/etc list clearly, they also directly mark-up the food prices from the menu of the restaurants they list. If you ordered the same exact items for pickup through the BK app, they would be noticeably cheaper.

      Not to say fast food prices haven’t and aren’t rising, or that they haven’t become expensive for what they offer, but listing a GrubHub price as prove of that point is disingenuous and misleading

      • jordanlund@lemmy.worldM
        link
        fedilink
        arrow-up
        4
        arrow-down
        1
        ·
        1 year ago

        Well, it’s not quite fair comparing a pick up price to a delivery price either, but here’s what I’ll do… When I go out today I’ll get you the menu price at the drive through and the app price with pickup and delivery.

        • Vespair@lemm.ee
          link
          fedilink
          arrow-up
          3
          ·
          1 year ago

          Yes but when you say “remember when a whopper was $0.99” that implies apples to apples, not apples to oranges as is the reality of your comment. Further, it is not BK that upcharges the prices, it is GrubHub.

          So yes, it’s not fair comparing pick up price to delivery price, but you were the one who first did that, not me.

      • jordanlund@lemmy.worldM
        link
        fedilink
        arrow-up
        1
        ·
        edit-2
        1 year ago

        Exact same meal, for delivery, through the official BK app is the same price. Fees make a minor difference, it actually comes out to be slightly more expensive than GrubHub.

        vs. $13.18 for picking it up myself.

        • Vespair@lemm.ee
          link
          fedilink
          arrow-up
          1
          ·
          1 year ago

          Yes, because BK doesn’t deliver. They contract Doordash or Grubhub for delivery, and thus use their pricing. Again, comparing delivery to pickup is unfair, yet you did it in the first place. This was literally the entire point of my comment.

    • Coreidan@lemmy.world
      link
      fedilink
      English
      arrow-up
      12
      arrow-down
      8
      ·
      1 year ago

      If you don’t like delivery fees then go pick it up yourself. It’s always been this way.

      • sue_me_please@awful.systems
        link
        fedilink
        English
        arrow-up
        4
        ·
        edit-2
        1 year ago

        It’s not just the delivery fees, it’s the markup of the food. It used to be that you paid the same menu prices for delivery or pickup, and the only additional fee was the tip for the delivery driver if you didn’t pick it up yourself.

        Here we have the food being significantly marked up (a Whopper meal is usually ~$8 dollars depending on where you are, not $18), on top of a delivery fee, on top of platform fee, on top of a delivery tip.

        • Coreidan@lemmy.world
          link
          fedilink
          English
          arrow-up
          3
          arrow-down
          3
          ·
          1 year ago

          Yes so stop using these stupid apps. Get in your car, drive the 5 minutes it takes to get there, and order it straight from the restaurant.

          Otherwise you’re spending a fortune to be lazy. No point complaining about the prices if you can’t pry yourself off from your couch.

          • sue_me_please@awful.systems
            link
            fedilink
            English
            arrow-up
            4
            ·
            1 year ago

            I don’t use them, but this is a false dichotomy. It isn’t “don’t use them or shut up”, I’m going to talk about the blatant price gouging whether you like it or not.

            • Coreidan@lemmy.world
              link
              fedilink
              English
              arrow-up
              2
              arrow-down
              2
              ·
              1 year ago

              Talk about it all you want. As long as there are idiots out there supporting the business it will be around and will continue to price gouge. It’s the entire nature of the business and it won’t be going away.

              You’re paying for convenience. I just don’t see the point in complaining about it.

              • sue_me_please@awful.systems
                link
                fedilink
                English
                arrow-up
                1
                arrow-down
                1
                ·
                1 year ago

                You’re paying for convenience for literally everything, and this price gouging has effects on the market as a whole by raising price points.

                If delivery apps find that people will pay 30% more for a Big Mac, plus several additional fees and tip, it only makes sense for McDonald’s to eventually raise Big Mac prices by 0-30%, minus any fee or tip because there are none.

            • Coreidan@lemmy.world
              link
              fedilink
              English
              arrow-up
              2
              arrow-down
              2
              ·
              1 year ago

              Ya driving to get food is so iNsAnE.

              Better to just starve to death instead.

    • Cheems@lemmy.world
      link
      fedilink
      arrow-up
      12
      arrow-down
      10
      ·
      1 year ago

      You realize getting food delivered is a luxury right? Use coupons and go pick it up yourself

      • littlewonder@lemmy.world
        link
        fedilink
        arrow-up
        3
        arrow-down
        1
        ·
        1 year ago

        To some extent, sometimes the capitalist meat grinder of work, commuting, lack of time for self-care, parenting expectations, mental health struggles, etc. etc. means people have exactly zero energy left to leave the house after getting home (esp. if there’s no one to stay home with the kids so it means herding tired kids into the car), let alone cooking something up if there wasn’t a recent grocery order and all the easy stuff has been eaten.

        Jesus, I feel exhausted just typing out the hypothetical.

        • Captain Poofter@lemmy.world
          link
          fedilink
          English
          arrow-up
          4
          ·
          1 year ago

          Am disabled. If it weren’t for grubhub i wouldn’t eat anything but canned soup and frozen meals, and the absurd prices for all the fees and mark ups kill my measly ss payment. Some luxury. I’ll get downvoted for this, I’m sure.

  • halfempty@kbin.social
    link
    fedilink
    arrow-up
    18
    arrow-down
    4
    ·
    1 year ago

    I would like to see more concrete actions limiting corporate price-gouging, and not just words. Corporations aren’t going to do anything just because the president says “stop doing it”.

    • SwampYankee@mander.xyz
      link
      fedilink
      arrow-up
      8
      ·
      1 year ago

      There’s a big uptick in antitrust action under the Biden administration. There’s more than just talk here and the administration is trying to push this in a progressive direction. Unfortunately, the regulatory agencies and courts are infected with neoliberalism due to 4 decades of neoliberal domination of our government, economy, and society, so it’s not as successful as it may have been in, say, the 70s. But that just means we need to keep that rudder pinned to the left until we get there. The absolute worst thing we could do right now for this and so many other reasons is elect a republican.

    • SuiXi3D@kbin.social
      link
      fedilink
      arrow-up
      11
      arrow-down
      4
      ·
      edit-2
      1 year ago

      Until we get a wealth tax, nothing will change. And even then, all the rich folks will just move out of the country.

    • KeenFlame@feddit.nu
      link
      fedilink
      arrow-up
      1
      ·
      1 year ago

      Why do you assume that’s all he do? I like that news headlines make you think sweetie but don’t just take them literally

  • ZombiFrancis@sh.itjust.works
    link
    fedilink
    arrow-up
    12
    ·
    1 year ago

    Our union finally got our contract after 11 months of negotiation signed… and our health insurance immediately hiked to eat the difference in raises and COLA.

    Every level of employee is just getting their wages hoovered by insurance, just about everywhere.

    • rchive@lemm.ee
      link
      fedilink
      arrow-up
      1
      arrow-down
      2
      ·
      1 year ago

      This is why individual insurance is better. You can switch to a better provider without convincing a large bureaucracy first.

      • ComradeSharkfucker@lemmy.ml
        link
        fedilink
        arrow-up
        15
        arrow-down
        7
        ·
        1 year ago

        It’s not even a start. You should be able to criticize ineffective or inconsequential actions that are clearly made to assure the public that something is being done without actually accomplishing anything without someone calling it “a start”.

        To be clear, while my tone here could easily be interpreted as aggressive towards you, I don’t meant it to be that way. It’s nice to think that maybe someone in the government actually wants to help the average worker and is actually willing to stand up to our capitalists but it simply isn’t the case. Our government officials not only profit from the capitalist we are asking the to limit but they often are those very capitalist.

    • CapeWearingAeroplane@sopuli.xyz
      link
      fedilink
      arrow-up
      4
      ·
      1 year ago

      There have been actions as well. Among them an EO to the administration to work harder on antitrust enforcement. This has resulted in a significant increase in antitrust cases.

      When you see Biden “just talk about something” it’s a pretty safe bet to assume that quite a bit is already happening behind the curtains, or even in the open. He’s talking about it to bring attention to it as well.