393
submitted 2 months ago by MicroWave@lemmy.world to c/news@lemmy.world

Democratic lawmakers accuse companies of shrinking product sizes while charging consumers the same price

It's becoming a common experience for Americans going to the grocery store: your bag of chips seems lighter, your favorite drink comes in a slimmer bottle, and you're running out of laundry detergent more quickly than usual. And yet things are staying the same price.

On Monday two Democratic lawmakers launched an attempt to get to the bottom of the phenomena, accusing three major companies, Coca-Cola, PepsiCo and General Mills, of shrinking the size of products while charging consumers the same price -- a price-gouging practice known as "shrinkflation".

...

Shrinking the size of a product in order to gouge consumers on the price per ounce is not innovation, it’s exploitation,” Warren and Dean said in a statement. “Unfortunately, this price gouging is a widespread problem, with corporate profits driving over half of inflation.”

you are viewing a single comment's thread
view the rest of the comments
[-] QuarterSwede@lemmy.world 19 points 2 months ago

This is the right way to go about it. Telling companies they can’t do x or y doesn’t jive with capitalism if they aren’t deemed monopolies.

[-] krashmo@lemmy.world 12 points 2 months ago

Unregulated capitalism is clearly a shitshow so why are you arguing against an entire class of regulations for no real reason other than historical precedence? There's no such thing as an inherent rule. They're all just as made up as the rest.

[-] 418_im_a_teapot@sh.itjust.works 1 points 2 months ago

Ok, but how do you see the proposed legislation playing out? How do you expect congress to set a specific amount of product that can no longer be reduced? It’s not like anyone can trust congress to revisit the law when changes are needed. Companies will just start making “six packs” of individual things that used to be sold as a six units per container in order to maintain flexibility to shift quantities in the future. This will lead to way more packaging.

Regulating capitalism is a very good thing, but I don’t see how it makes any sense in this case with the proposed legislation.

[-] krashmo@lemmy.world 1 points 2 months ago

No one has proposed any specific legislation. We're talking about theoretical concepts. My only point is that saying "that's not how capitalism works" is a dumb thing to say when it comes to rejecting an idea because we are collectively making up the rules for how capitalism works as we go along. It can work in whatever way we want it to.

[-] QuarterSwede@lemmy.world -1 points 2 months ago

That’s a straw man argument and adds nothing to this conversation.

[-] krashmo@lemmy.world 4 points 2 months ago

He says, while adding nothing to the conversation.

[-] clif@lemmy.world 1 points 2 months ago

Can I also add nothing? It'll make me feel important with no consequences.

[-] bradorsomething@ttrpg.network 2 points 2 months ago

I got enough out of this that I feel you should try again, but try harder not to try so hard.

this post was submitted on 08 Oct 2024
393 points (99.0% liked)

News

23625 readers
2841 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 2 years ago
MODERATORS