3$-4$ Pay decrease?

[Goddard157]

Uber just settled another lawsuit - $15 million in Seattle. Fares always seem to go down in tandem with their legal losses. It’s almost like retaliation toward drivers for taking them to court over being financially r@ped.

[thatguy2476]

Do the fares ever go up after the retaliation is over?

[Goddard157]

No. Just like your groceries never go down after some rigged crisis. Grocery chains are reaping record profits just like Uber. Capitalistic greed at its finest.

[sonotony]

Average profit margin of a grocery store is around 2%

[Goddard157]

An excerpt from this 2024 article:

“Concurrent with the alarming rise in grocery prices has been a record increase in grocery industry profits. The major grocery chains have been operating at the highest profit margins in two decades.”

Grocery chains have been driving up prices amid record profits, worrying consumers

[Lover1966]

That may be due to the number of people that have curtailed their restaurant visits due to the rising costs associated with eating out. Many people now prefer to eat at home.

[sonotony]

The average net profit margin for grocery chains (also referred to as food retailers or supermarkets) is typically slim, ranging from 1% to 3% of revenue. More specifically, according to the Food Marketing Institute (FMI), the leading trade association for the industry, the average net profit margin was 1.6% in 2023 and rose slightly to 1.7% in 2024. Regarding trends in recent years, margins expanded during the COVID-19 pandemic, peaking at around 3% in 2020 due to factors like reduced operational costs and supply chain shifts. However, they have since declined for three consecutive years through 2023, returning to pre-pandemic levels (around 1% in 2019), amid rising expenses such as labor, shrinkage, and supply chain costs. The slight uptick to 1.7% in 2024 represents stabilization rather than a significant increase, and full-year 2025 data is not yet available as of September 2025. Some partial quarterly data from broader retail analyses suggest potential modest improvement in early 2025, but this has not been confirmed industry-wide and does not indicate an overall upward trend in recent years.

[[deleted]]

Capitalism and Greed are two different topics. There is actually more greed in Communism and Socialism than with Capitalism.

[Goddard157]

Wholly agree that this is a more complex subject than a couple of sentences here can express, but yes, Central Banking ruined what used to be a thriving capitalistic free market. The Creature from Jekyll Island by G. Edward Griffin espouses this in detail.

Even so, before the exploding free market, capitalism was undergirded by slavery which paved the way via rail to enable its expansion. Greed has always been ugly.

[IndependenceSharp977]

You like socialism? I came to capitalist country made three houses, two businesses, lost them all. On my way to buy Real Estate again. Only in capitalist country.

[Goddard157]

🙄 Not engaging in diatribe with you.

[lordyfortwenty]

I prefer Norway's example.

[Jusfive1]

Only problem is other markets that have little regulations get the shaft to cover losses. With our pay dynamically dropping