this post was submitted on 07 Jun 2024
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Unfortunately, the demand for things like food doesn’t go down just because you don’t have money
Sure, at the basic level, everyone needs food. But you can get a lot more granular about it. For example, a lot of people buy things they may not need to survive, like snacks/desserts. Or perhaps they do buy items they need, but they usually get versions that cost more (whether that be because the particular store is more expensive overall, or simply because they’re buying items that are more costly than things at the lowest end that still allow you to survive like beans and rice).
The point is, most (not ALL) people can buckle down their food spending in some way or another, and I think that’s what we’re seeing here.
Have you tried eating dog food to help the shareholders yet?
I’m not saying that, I’m going back and saying it IS a sort of supply and demand effect we’re seeing. People aren’t spending in ways the corporations wanted, so now they’re finally lowering some prices. That’s all.
People will do anything to avoid admitting that the free market is working as intended here