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Food, Cooking, and Restaurants
Reply to "Do food prices seem even higher than usual?"
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[quote=Anonymous][quote=Anonymous]NYT just did an article that even though producer and wholesale costs have gone down, companies and restaurants are not lowering prices because consumers are willing to pay. Companies are incentivized by profit and as long as the market is willing to pay higher profits they are not giving up their profit margins. In many areas of food, there simply aren’t enough competitors to drive down consumer prices. It’s sad but people will need to become unemployed and simply not have enough money to buy things for any of the companies or restaurants to lower prices. This is capitalism which isn’t a bad thing but without enough competitors it doesn’t work for the consumer. [/quote] Prices that restaurants are paying have not dropped. And consumers are not willing to pay the higher prices. The idea that restaurants do not have enough competitors is ludicrous.[/quote]
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