William Lindsey :toad: on Nostr: "At the end of 2023, Americans were paying at least 30% more for beef, pork, and ...
"At the end of 2023, Americans were paying at least 30% more for beef, pork, and poultry products than they were in 2020.
Why? Just four companies now control processing of 80 percent of beef, nearly 70 percent of pork, and almost 60 percent of poultry. So of course, it’s easy for them to coordinate price increases and prevent price cuts."
~ Robert Reich
#inflation #economy #corporations #monopolies
/1
https://robertreich.substack.com/p/the-truth-about-the-economy
Why? Just four companies now control processing of 80 percent of beef, nearly 70 percent of pork, and almost 60 percent of poultry. So of course, it’s easy for them to coordinate price increases and prevent price cuts."
~ Robert Reich
#inflation #economy #corporations #monopolies
/1
https://robertreich.substack.com/p/the-truth-about-the-economy