• Snot Flickerman@lemmy.blahaj.zone
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    23 hours ago

    I would say that’s only really become the norm in the last 15-20 years at most. That’s when giant corporations had fully gobbled up smaller companies and have such large warchests of money that they moved from “we’re selling less, we need to drop prices to unload product” to “we’re selling less, we need to raise prices to increase profits on the small amount we actually sell.” That was what famously recently motivated McDonald’s to raise prices, they were actually aiming at chasing fewer customers with higher prices to offset the lost sales.

    So, I’d say in the modern era of giant consolidated food corporations, and giant consolidated corporations in general, sadly, you’re correct.