https://x.com/NathanJRobinson/status/1800915894585147399

Krugman, despite being a neoliberal knows that food is an essential item. So likely he is propagandizing for Biden.

Look at personal savings rate.

  • hexaflexagonbear [he/him]
    ·
    edit-2
    5 months ago

    not costs + whatever margin a company picks

    Basically: sale price is determined by what company thinks maximizes overall profit, cost of product (including shrink) determines whether the product is carried at all. It's something I bring up in the shoplifting debate a lot, as people assume it increases price of individual items. Of course shrink plays a role when businesses make decisions, but why would a business charge you less than you're willing to pay for an item?