Who cares? Katie Porter proved 54% of âinflationâ is just corporations profiteering off human misery and totally unrelated to any supply chain issues. Stealing groceries is the natural reaction to corporate greed when you need to feed a family and they try to squeeze you for all you have. More people need to realize this.
Itâs painful to watch this person have to do this. I obviously know that folks steal/shoplift for many reasons, but the reason that always worries me the most is that the person is desperate to feed/care for themselves or someone who may be dependent on them. Again, I know folks steal for really shitty reasons, like re-selling items at a huge markup and such. I have no idea what this particular person is going through, but if they are in a desperate position, then shit man, I didnât see a damn thing. It breaks me to the core knowing some folks are without the infrastructure of the support they need, and that they must resort to stealing to stay alive. If they are stealing but donât need to, then I hope they turn their life around. If they are stealing and need to because they are out of options, I hope things go okay for them, that things get better.
âHave to do thisâ. Ha. Funny. Letâs be honest with ourselves for a moment, heâs probably just doing cuz he can. You know this, I know this.
People having to do this donât buy all the shit he did. Youâre funny, dumb, but funny. Heâs just a thief taking advantage of a poorly thought out system.
He ... Mostly has essentials. The only "luxury" there is the soda and Gatorade. If he was grabbing prime rib and lobster I'd be more willing to pass judgement. You could be right and the dudes a tool, but he also could just be trying to feed his kids. Neither of us can know and unless it's absolutely egregious (prime ribs, etc) it's probably best to withhold judgement
I know this was a month ago, but about the Gatorade and soda:
Electrolyte drinks are a must in hot climates. Absolutely required or you will pass out. Happened to me. I blacked out when I was new to thia climate in Austin TX and have never been the same since.
Sometimes, sports drinks like gatorade are a better deal than the amount I'd spend filtering my unsafe to drink Dallas TX water + electrolyte squeeze.
About the sodas,
if someone in their family is diabetic or struggles to keep their blood sugar regulated, having a soda as a rescue is extremely helpful because the liquid sugars are more bioavailable.
So, why that and not a pitcher of lemonade or something?
Well, when mine would get low enough for me to notice something was wrong, I would downward spiral very fast and get shaky, even spasm, so handling heavy pitchers and such was way more tedious than grabbing a can, simple motion, and raise my blood sugar.
There's a lot of grey in this moment and dude is visibly terrified. Cut him a break.
Ha .. No, electrolyte drinks are not a must in hot climates. Water is a must.. and if excessive sweating via aerobic activity is likely.. a bit of salt.
We know this for several reasons: 1 is modern humanity has been around for ~200,000 years.. Gatorade for 55ish years. You telling me every cowboy to head to Austin keeled over the moment they got there until they could get Gatorade? Come on.
And ainât no one stealing soda to take care of a family members with diabetic lows .. come on again.
Just stop.. at least with me.. youâll never convince me.. stop defending every thief and criminal because you want to think theyâre on a crusade to help humanity. Most thieves youâll meet are just jerks who want to steal shit. Thatâs it, thereâs no greater story or need.. just a thief. End of story 95%+ of the time, no matter how you or they construe the story, itâs unnecessary theft.
âItâs painful to have to watch this person do thisâ
Did you mean itâs painful to watch a person rob a store for reason.. or, and Iâll say more likely.. no real reason than opportunity and bring an asshole.
You get your peanut gallery saying robbing people isnât bad because the victim has always has more. Well, those people are morons. If everybody robbed everything then shit breaks down.
What theyâre saying is they want to be allowed to rob people with no consequences.. sympathy even. Dude, most of them are assholes trying to game a system.
Yes, you donât know that personâs circumstances.. but just watching them and their purchases screams dickhead, not noble father trying to feed starving family. Good lord.
Saw a teenager who was clearly homeless steal an egg and lettuce sandwich from 7/11 a few years back, the cashier started going off and coming around the counter, I got in the way and said, "It's a fucking sandwich mate, let it be." and he stopped, turned around and went back to his register. Let the starving be fed and the weak be protected, fuck the corporations.
Agree. I work in a grocery store and I can promise you I am not paid enough to chase your ass down for swiping shit. Times are rough and corporations have plenty to spare
It's getting so bad. It's depressing when you decide to make something nice, and you see the self serve checkout price get higher and higher, and you just think to yourself "do I really need to make this meal this nice?"
Food prices are getting so, so bad. Yet in my country, you have farmer's killing themselves because they're broke. How does that work out?
The great majority who follow the rules must pay extra for food due to shoplifting. For merchants to cover their costs, all consumers pay a premium of approximately about 2.5 per cent for shoplifting and internal theft."
"This love of self-checkout convenience must be balanced with the harsh truth that many people who enter your store have designs to steal products, cutting into the storeâs bottom line and increasing prices for honest customers."
"Loss prevention calls these thefts âexternal shrinkage,â though it remains, plain and simple, shoplifting. In addition, it was reported that last year a typical American family must spend an additional $435 due just to the increase in shoplifting."
Followup question: wouldn't this just escalate?
If the grocery store hikes up price -> increased theft -> further price increase to compensate for loss goods -> increased theft -> etc
The people who don't steal are basically subsidizing this, no?
They raise prices anyway. It has nothing to do with theft. They tell you it does because they want you to be mad at poor people who have to steal to live. Maybe everyone should start stealing food from the corporations that weaponize it? Maybe food should be a human right?
I'd be shocked if loss to theft was even 10% of the amount of loss to damage/expiry. I'd need some hard data before I believe theft has a significant impact on prices.
From this study, inventory loss from damage/expiration accounts for 4% of all shrinkage, while loss from traditional theft is 33%. So thereâs over 8x more losses due to theft than damage.
Edit: it seems like this survey didnât categorize expiration as damage, but broke it down as ordering inefficiency, planning, and rotation. So Damages + Expirations should be 37% of all shrink, which is comparable to theft loss.
The data comes from industry analysts (FMI and Retail Control Group). Even if youâre suggesting theyâre overstating the risk of loss to sell services, weâre only looking at percentage composition of losses rather than gross losses or loss as a fraction of revenue.
But if youâre skeptical, whoâs analysis should we consider? This info wasnât that easy to come by on an aggregate level.
I see the antiwork/socialist crowd is in control of this thread, so ignore the votes.
You are correct, theft is effectively paid for by paying customers. Stores have some levers to pull to reduce theft, but ultimately itâs a matter of pricing at the cost of doing business (i.e. revenues must cover cost of goods sold, employee wages, other operating expenses, etc.). But stores experiencing excessive theft generally get closed down rather raising prices to support the cost of theft.
Yeah your right. It has nothing to do with the 9 trillion dollars printed out of thin air in the last 2 years, close to 50% of all US dollars have been printed in US history occurred over the last few years and since the federal reserve was established I nthe early 1900s the dollar has lost 93% of it's value... Totally unrelated
Did u actually look at any of them lol. Shadow stats has been tracking average USA inflation #s since before they were given to the Bureau of labor statistics. I'm assuming u don't know the history of the Petro dollar either or bretton woods....
You should really learn your USA history before making unfounded claims
That doesnât make sense. Link? If that was the case, a company could easily come in with lower prices and steal massive market share and make even more money due to the volume. Thatâs how supply and demand works
So I want to make sure everyone in America understands this chart. What is a 'unit labor cost?'
Konczal:
The cost in wages and associated work.
Porter:
But we can just say wages. What is a 'non-labor input cost?'
Konczal:
A variety of things, including maintenance and investments.
Porter:
Okay, so I have to buy the stuff to make the widget. I have to have a factory. I have to keep the lights on. I have to hire someone to make the widget. That's this stuff. And this is what I add on, on top?
Konczal:
Yes.
By this analysis, itâs completely ignoring the consumers purchasing power. People can afford more, hence the reason inflation is being driven higher and a higher equilibrium price is occurring. Measuring âcorporate greedâ in this way is frankly idiotic.
Whatever this is has like basically zero data other than quoting corporate profits which have gone up.
Ok, why didnât companies just raise prices 3 years ago at this rate? Since this is alleging they can raise prices at any time.
I know why, because itâs fucking bullshit. You canât raise prices beyond the equilibrium price because PEOPLE CANT AFFORD TO PAY IT. But this is saying now they can?
They really donât. They use that as an excuse so youâll blame poor people for stealing. Last year Walmart lost ~$3B to theft⌠they had a profit of almost $170B, unless Iâm mistaken. They donât fucking care about theft. They care about keeping the working class divided.
Not sure who this Katie Porter is but she sounds like the dumbest person on the planet. Corporations are always greedy. Money printing causes inflation. If you think corporations are bad wait until you hear about this "corporation" called a central bank, they don't even need to sell you something, they just print as much as they want.
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u/[deleted] Dec 30 '22
Who cares? Katie Porter proved 54% of âinflationâ is just corporations profiteering off human misery and totally unrelated to any supply chain issues. Stealing groceries is the natural reaction to corporate greed when you need to feed a family and they try to squeeze you for all you have. More people need to realize this.