Consumers FINALLY Get A Win. These Companies Are Lowering Inflated Prices To Bring Back Customers
Вставка
- Опубліковано 11 чер 2024
- Major companies like McDonald's, Ford and Target are lowering prices after consumer backlash. Ana Kasparian and John Iadarola discuss on The Young Turks. Your Support is Crucial to the Show: tyt.com/team
Get the Progressive battle plan: go.tyt.com/book-description
Watch TYT LIVE on weekdays 6-8 pm ET. ua-cam.com/users/theyoungturkslive
Read more HERE: www.washingtonpost.com/busine...
"Ford recently marked down its electric Mustang Mach-E by 17 percent. Target is slashing prices on 5,000 items, including Persil laundry detergent by 5 percent, Clorox wipes by 14 percent and Purina One cat food by 17 percent. And at Walgreens, swim goggles and Squishmallows are discounted by as much as 40 percent.
Those markdowns, and the consumer spending slowdown that prompted them, mark a turning point in the post-lockdown economy, after the sharpest surge in inflation in decades."
***
The largest online progressive news show in the world. Hosted by Cenk Uygur and Ana Kasparian. LIVE weekdays 6-8 pm ET.
Help support our mission and get perks. Membership protects TYT's independence from corporate ownership and allows us to provide free live shows that speak truth to power for people around the world. See Perks: ▶ ua-cam.com/users/TheYoungTurks...
SUBSCRIBE on UA-cam: ☞ ua-cam.com/users/subscription_c...
FACEBOOK: ☞ / theyoungturks
TWITTER: ☞ / theyoungturks
INSTAGRAM: ☞ / theyoungturks
TWITCH: ☞ www.twitch.com/tyt
👕 Merch: shoptyt.com
❤ Donate: www.tyt.com/go
🔗 Website: www.tyt.com
📱App: www.tyt.com/app
📬 Newsletters: www.tyt.com/newsletters/
If you want to watch more videos from TYT, consider subscribing to other channels in our network:
The Watchlist / watchlisttyt
Indisputable with Dr. Rashad Richey / indisputabletyt
Unbossed with Nina Turner / unbossedtyt
The Damage Report ▶ / thedamagereport
TYT Sports ▶ / tytsports
The Conversation ▶ / tytconversation
Rebel HQ ▶ / rebelhq
TYT Investigates ▶ / @tytinvestigatesreports
#TYT #TheYoungTurks #BreakingNews
240612__TB03_Price_Hiking
I think not spending my money at these establishments is now a lifelong decision
^Bump
it will save you A LOT of money in the long run. not just in the cost of the "food" but with your health(assuming your choices are not as bad as the ones available there)
you got it right and deserve the best
We are tolerating higher prices at the grocery store for only one reason. We have no choice.
Get to know a farmer and buy direct.
Ya, a lot of towns have a butcher, and if you get some friends together you can buy a quarter cow direct. Put that in a freezer, and enjoy low cost meet.
it's called an inelastic demand curve.
that's why the rich get away with price gouging.
Nah let those greedy corporations suffer. My kitchen is my restaurant.
It was never inflation. Everybody knows they just raised prices.
that's literally what inflation is.
@@sabin97 Inflation accelerated up to like 6 points, and slowed to half that recently. These price hikes have been 20 to 50 points. You knew what I meant.
@@WaxPaper
that's what inflation is. when the rich increase prices faster than they increase your salary. it has nothing to do with "guv'mint!". it has ALWAYS been the rich
@@sabin97 - You are exactly right.
Lower car prices by 10% after raising the cost by 500% isn't a savings.
Fun fact: CEOs profits have skyrocketed during these times of inflation. Turns out in a new politico investigation, they’ve been price gauging consumers and using “inflation” as an excuse. Disgusting.
Stop pocket watching
Corporate greed is the CAUSE of inflation.
That's not new information lol
'gouging', not 'gauging', just saying.
@@richardincm I didn't catch that, good eye
Corporate greedflation is real
I see that everyday. The gas station I buy from is $3.53 for regular. There is another station next to it and one across the street from it. They are $4.59 and $4.65. That is greed, not inflation. Sad thing is people still go to the expensive ones. I asked one guy why. "This has is better for my car." You can buy one of the best gas additives for about $30 a gallon. It will treat about 10 to 20 tankfuls. My car only holds 10 gallons but that is still $10 more a tankful. So three tankfuls pays for the gallon of additive and with my car the next 15 or so tankfuls is about $150 in savings. Most places only have one or two pipelines that supply distribution of gas for their region. So most gas is the same besides the additives added. My car has over 170k miles on it and still averages between 35 mpg to 38 mpg. (Honda Insight still on original hybrid batteries) So my cheap gas and me adding the additive myself saves me a bundle while not harming my car at all.
I stopped buying fast food completely and now make egg muffins at home everyday
Fast food prices are going down? Who cares? Who buys fast food?
Lower grocery prices.
The real win is if we stop eating fast food on a regular basis.
Define fast food! Not so easy, a hotdog cart on the street in New York as fast food, getting a sandwich and heating up at 7-Eleven is fast food, vending machine is fast food. You come up with the definition and I’ll come up with things you missed. Fast food didn’t know itself are not going to help Americans, almost everything they eat is processed, drenched in some Monsanto pesticide or whatever they’re calling themselves now
@@Eric-oi5yj Fair enough. I was in error. I retract my statement.
@@MysteryWheelgunner I agree with you in concepts. But reality just doesn’t work. Let’s end corporate food subsidies, & give double snap benefits for fresh produce.
I worked for McDonalds years ago. I went to "Hamburger-U" and we were taught to give some foods away, but keep prices high! Sodas cost about 10 cents, but if you sell them for $3 -you can afford to sell hamburgers for pennies. But modern times produced a problem that is not unique to fast food shacks. GREEDY corporations and branch owners.
I'm sick of the price gouging especially for food.
I'm happy consumers are standing up to the BS.
Yes, the whole point is for us to suffer to protect the economy. God forbid that corporations can just earn normal profits, instead the American consumer needs to suffer
I literally yelled "pun intended" at the screen when she was talking about car prices being so high that consumers started "walking away". I mean... literally walking away instead of driving. LOL! Cenk would never have let that pun pass by him like that. Haha!
Its never been about inflation is always been about greed.
When junk fast food became as expensive as healthy food, they lost a huge amount of people. People were willing to buy unhealthy food because it was cheaper and fast, not that it is not, people are not willing to buy it because the only reason to buy that food is gone.
That’s the beauty of competitive industries.
I started a garden for vegetables and berries. I hated paying 2$ for a head of lettuce at the grocery. Now I can shop from my own backyard. I love it.
Wow, where were you buying? Here in UK lettuce is 85p at the biggest supermarket chain Tesco that works out to $1.09. Was that at a Whole Foods or is that standard for the US?
@@simonelgey214 I am in Canada and bought a stalk of Celery for 3.99 can not sure what that is in UK or USA but it doesn't matter when min wage is 16 dollars an hour
@simonelgey214 Yes Whole Foods and at some smaller markets the produce has been very expensive. I think prices are lowering though tbf. It's definitely not the norm for the US, but it's the norm for the area I live in. The prior prices forced me to look for other options.
I won't be satisfied until the 5 dollar footlong is back. Once that happens we will have successfully tamed inflation
FIVE DOLLAR FIVE DOLLAR FOOOOOOOOTTTTTTLLLLLLOOOONNGGG.
personally I don't think the foot longs today r worth 5 dollars
Really, subways, one of the trashiest places you could ever go. I mean their spokesman was a pdf. And they knew about it, and did nothing until the press found out. But as long as they lower the price, you’ll go back there.. ok then…
I try to make my own food at home. How about grocery stores scaling back prices?
Well, great for you. Not all of us can breed and make fish at home not all of us can breed cattle, or have chickens to lay eggs or have cows to get milk from. But I sure am glad that you make your own food at home.
Pet food prices have been ridiculous. You can't even afford to have a pet anymore. You can't even take them to the vet without going into bankruptcy
HOLD THE DOOR, HOLD THE DOOR, HoDOR, HODOR. Dont go buying stuff now. Hold out longer , make them reduce it more.
This was a necessary move. I went from being able to get a bacon king for 6 dollars with a coupon to 10. The menu price for the meal became $14. Why the fuck would I pay $14 for a burger king combo when I can nearly get 5 guys, burgerfi, or other tier 2 fast food for that price?
$18 for a Mcdonalds meal deal??? GTFO
What about the price of milk meat, and eggs?? That shit is still the same. Lowering fast food prices isn’t the benchmark for lower inflation economy.
Nah its coz customers are boycotting them and its eating into their revenues
It was greed all along.
Why didn't they raise prices before then?
@@papawheelie5576 before when? Prices have been going up since the concept of a price was invented..
@@Thezuule1 Before whenever you think they just arbitrarily raised prices.
@@papawheelie5576
like the previous person told you.
the rich have been raising prices arbitrarily since the first price for something was created.
thousands of years ago.
@@sabin97 That's not how markets work. Take a class.
corporations will continue to increase prices as long as they can get away with it
I stopped eating at these places. I'm not going back because they now regret ripping us all off and feel sorry for it. Cutting back on fast food made me healthier, and now when I want a burger or a burrito I go to a restaurant.
Taco bell used to be THE late night cheap meal option but with prices now i rather spend that $8-$15 at one of our cities many great mexican food trucks.
it's top ramen for me🌛 because everything sucks now 🤣
It's not just the price of housing going up, both for homeowners and renters, the people are being gouged with HOA fees, homeowners insurance, property taxes, and utilities. The problem isn't the "messaging." The problem is that there is no legislation at the state or federal level to stop this predatory behavior. The oligarchy mocks the masses.
It’s NOT INFLATION!! It’s CORPORATION GREED AND SHRINKING PRODUCTS WITH HIGHER PRICES. Wages have NOT KEPT UP with RISING PRICES.
They got the message real quick when ppl stopped buying 🤣
Supply and demand works! No demand exists for overpriced supplies!
I don’t even eat in fast food restaurants anymore the last time I went to taco bell I spent 7 dollars for a cheesy Gordita since then no more
Companies raise prices 15% than lower 3%. TYT calls it a victory.
Stop buying that crap… “Fast Food”
And watch prices go down..
They were bugging out to begin with! Shrinkflation took its toll and consumers are realizing that they can live without their products. You cant keep raising rates and not wages. Who is going to buy things?!!
From 1934 to 1982 ( yes Reagan yet again) stock buybacks were considered
essentially 'illegal' as stock manipulation.
Reagan was such a crook-enabler. A toadie for corporate thieves.
ALL of this shit should be illegal. This is a form of insider trading. If Corporations are people, they should also go to prison.
^This.
Exactly right.
I'm still going to eat at home more
They're lowering the prices because they've lost a substantial amount of money. They're not reducing prices because they care. I hope more people cook at home.
Cooking food ruins it
So they just admitted to price gauging with no consequences?
yea but they're bringing back these "deals" as not deals. they're just smaller portions but still price gouged as a per gram price. like why would i go to these fast food chains, when i can literally go to like an actual restaurant for lunch for the same friggin price! sometimes even less!
It is not inflation it is company greed-flation.
You could just order a small meal and get the same price? Hopefully people aren't stupid to fall for this scam.
You realize this is America, right? The majority of people are stupid.
When it cost 9 bucks for a 2 cheeseburgers meal in April, I drove off! Nope. They're going to do great with volume of sales. Vote blue in Roevember! 💙💙💙
Boycott all brand names and buy generic until they stop the greed. Make THEM pay.
Problem is, the brand name and generic are usually still the same company.
This is a joke, right?
Unless interest is getting cut under 5% it's not meaningful and not going to make an impact for most Americans, because our rate is already under 5%, and interest is 8%........ And car prices have been out-of-control for over 10 years. I don't know anyone buying a new car who isn't married with a two income household. How about we start with barring corporations from owning single family homes? Houses are for people that live there. We don't need more housing. We need more laws preventing non-occupants from buying homes.
Keep cooking at home, never go back!
Same, the longer you stay away, the easier it becomes.
At Walmart 1 pound of bologna two years ago was $2.49 a pound..Today it’s 5.49 a pound!
Fast food is basically dead to me anymore. I don't see how a "value" meal at McDonalds should be $13-15 dollars.
In michigan most of McDonald's meals are around 10 dollars. I think a big Mac meal is still under 11. Can't imagine some other states 😅
The "lower" prices are not lower at all. They artificially inflated prices while shrinking the (consumables) products, creating a new "normal" price for smaller sizes/portions. The "lowering" of prices is barely a blip in their bottom line as they are still reaping huge profit. These companies are not stupid, do you think they will jeopardize their shareholders in favor of the masses who are buying because they have little choice? Its the same with gas/oil, inflate the prices for as long as possible, then "lower" them to a new normal pricing. Decreasing prices on inane things will pacify people for a bit, but the breaking point is probably soon at hand.
...at least the stock market is doing well...🙄
Isn't the fact that they can lower the price of Clorox Wipes by 14% a show of price gouging of the pandemic.
I don't care about discount fast food I want cheap groceries not grocery prices that continue to go up
Stop voting for Democrats.
Part of the problem is one corporation owns all the businesses. I was taught in school that was against the law, but apparently nobody’s enforcing the law on rich people.
Cat food by 17%? Didn't say the bag is 23% smaller.
Prices are coming down? Where? I just did some shopping!! Tell me the place. Fast food? It's uneatable. It's so bad.
They all provide money and food to the IDF.I won't eat their food even if it was 1 cent for a meal.
Quit praising companies for lowering prices. They raise the prices 200%, and then lower it 17%? Really you’re praising that.
Right people are so dumb these days
@@davidt8087 most people are stupid. Means they have the knowledge at their fingertips, but they choose not to look. My rent went up last year over 100 bucks, this year it went up 15. so yeah they got their pound of flesh in last year. This year they’ll do what they can to get people to buy overpriced products.
Raising prices 50% then lowering them by 5% isn't much of a gain.
How sad is it that they had to be shamed into allowing consumers to afford food? I will never go back to Walmart. Forget them.
Really doesn't matter if there's no nutritional value in the food
My rent has gone up $300 a month over the past two years. My wages $20 a month. where do they think the $5 plus tax will come from? The only reason I got a $20 wage is to keep me over poverty level and denied about $15'000 in government subsidies. that would help me pay rent, utilities, healthcare and food. When my lease ends. I am about to see another $75 hike. It means living in my car and eating or starving to death. I broke my back on the job in 1999. Employment is a non starter. As no company in their right mind would hire me and take responsibility for my ongoing treatment . Let alone the cost of workers comp for me.
a bag of raw peanuts in 2020 was 99 cents for a 2lb bag. Now 4 years later its $2.79 for 1lb. Corporate profits have been at all-time highs since 2020 during the inflation. Capitalism is broken b/c we cannot satisfy the rich and their need to all be millionaires/billionaires now. lf theyre going to gouge consumers we should tax the hell out of shareholder stock returns.
100%
I think more people are starting to realize the quality of the food isn’t worth it, regardless of price.
Im 42, my health is more important so ive had to cut down A LOT of what i used to eat, and high prices have only helped me make that decision.
As Italian all this food the your guys mention is garbage fast food .
If you don't like something then shut up. Problem solved
@@peopleofearth6250 you should shut up because you like garbage food
@@saltornabene8612 you europigs do like american garbage fast food. Go look up documentary on europeans chowing on fast food like mcdonalds, kfc and others.
@@saltornabene8612Who cares what other people eat? Weird, creepy people. Quit being weird and creepy.
Consumers aren't walking away. The breaks are getting slammed on the economy. When the 2 largest industries currently hiring are healthcare and government, you know something is wrong.
Just cook ur own food its cheaper and healthier
It’s too late. I stopped eating fast food. And I was a fast food junkie. I make my food at home now. It’s healthier, fresh, and much less expensive. So raise prices, lower prices, I don’t care.
^Right there with ya. 👍
My employer based health-care premium just went up an extra $1500 a year and my boss gave me $1000 annual pay raise so I'm NOT feeling any reduction in the cost of living crisis! I hate this country!
So do many of your fellow Democrats. At least you're honest about it. Tip of the cap for that.
It’s not the country, it’s the regime. We are owned by Israel
@Tunztunzwow As long as America needs a place to keep its military hardware, in an unstable part of the world with lots of oil we will be supporting Isreal. Rightfully so.
Know what would be easier to bring costumers back than these $5 gimmicks? Lowering you prices on all your food and keep the costumers coming and happy and you'll be making the money fot pay your workers and all. that. Quit worrying about profits.
The big food corporations have been gouging us the past 3 years…posting record profits.
They're reducing pricing by up to 17% and still making profits. This is pretty much just greed on display.
Not paying sit down prices for fast food quality. It is actually cheaper to go to a sit down place and have better quality food. I go to a restaurant 2/year. The last time I went to KFC it was $2.50/piece of chicken and it was so greasy that nobody could eat it.
Dont go back. Let them fail so they all know what happens if they get too greedy...... lets see if those CEOs keep gettting paid to cut corners at the cost of consumers
I dont know if enticing people to eat more fast food is a "win"
Make price gouging illegal.
When you print money into Oblivion this is what happens.
@@richpomanFU inflation is just a lie and excuse to price gouge. When people get money to have a better chance. The corporations see this as a piggybank for them to take.
No such thing. It's simple supply and demand. Take an econ class.
@@papawheelie5576 exactly it's as if the streets were made of diamonds instead of asphalt. Would the asphalt (diamonds) be as valuable then? I mean it's everywhere. People get it on their tires, in there eyes, people while their feet to get it off before they get it in their houses. You can't even whipe your ass with diamonds... So toilet paper becomes more valuable the diamonds. Do you get the drift.
@@papawheelie5576 I mentioned that for normie boy who posted this. I'm sure you get it. Good day..
Groceries and housing are so high people cant afford to spend as much out anyway but bottom end food joints raising prices to match and rival higher end places doesnt help.
I would rather stay home & eat some home-cooked healthy meals...& save money while doing it.
When our country lowers the inflated prices of healthy foods, then I'll consider it a win. This is just to keep the middle/lower class complacent in a country that benefits off of our health deteriorating.
you can eat healthy. Its not the governments fault
Convenient and healthy has always cost a ton of money. Ending subsidies that incentivizes monoculture farming would be a step in the right direction.
We need a windfall tax. It makes price gouging expensive for corporations doing it. And does not affect companies that don't price gouge.
This is the effect of the boycott movement
The shortage of housing is also due to Air B&B. Building more housing only solves part of the problem. There need to be regulations in place the prevent people from buying up the extra inventory to use as short-term/vacation rentals.
If groceries and rent take all your money, can't afford McD's unless they bring it down to $0.
that's mathematically correct(if your money is 0, you cant afford anything priced at more than 0), but the assumptions you are making seem incorrect.
Wendy’s 5 mins after suggesting doing surge pricing lmao
The ceo of McDonalds made a little more than one million a year and 14 million in extras.
You jealous?
The easiest thing to do is learn how to cook cheaper foods and buy your own food. Oatmeal is super cheap even if you get organic. Throw on some organic fruit in season, and you have a better, healthier meal than a McSausage Muffin synthetic creation and it costs less. Or buy some whole wheat bread and put almond butter and fruit on the bread. You can eat good food without it being expensive.
Even if they build more single-family homes, more rental units, the rich will keep hoarding them in this free market capitalistic system. It is the big and strong preying on the weak and small. As compassion shrinks, corruption increases, the little guy is getting left out in the cold.
The more they build, the less housing there winds up being because they tear down existing units to rebuild for luxury lifestyles only. I think the American economic system was designed to implode. It was designed to work only if there are honest citizens upholding it. We don't have that.
communist thinking. taking away options provided by the market which by definition lowers our standard of living, and no understanding of housing markets
When it comes to oats its particularly important to get organic, as one pesticide used on convention oats chlormequat has been found in multiple animal studies to cause animals to not fully mature reproductively, cause damage to cells in reproductive organs and to develop smaller reproductive organs and more difficulty reproducing. Ouch. So if you have kids... don't give them conventional oats.
There’s a reason why the majority of Americans are stupid. Most Americans can make a simple things that you just pour hot water over. I know that’s more intensive for depending on the oatmeal. People don’t care they want it now. If you told everyone that quit eating fast food and you’ll live five more years they’re gonna eat fast food. I’m not even sure if I’d quit, not only eat fast food maybe three times year
People need to understand that prices coming down isn't a sign of a healthy economy
It can be the opposite
The only thing that matters is that wages keep up with inflation
Anna, we get it you don't like Biden , he's old and you might not like his policies but man I rather vote for him than the felon who wants to be a dictator . You don't have to vote this November, just report the facts please causes I watch the show for that.
She often acts like he doesn't have to deal with republicans owning the house and using the filibuster in the senate.
@@lightkevlar He needs to get rid of the filibuster.
Was Trump a dictator before?
Its probably because companies cant sell what they have anymore because they charged way too high prices
We should continue to not support them
People dont have money to spend on “luxuries” like eating out at fast food restaurants… I LOVE that greed is coming back to bite them in the ass.
Too little too late. Houses and cars still over inflated and with piss poor quality.
All well and good to get some relief. But don't be fooled by a small drop in price. I get it, things go up in price as time goes on, but you can't tell me that when a Big Mac price doubles from what it was 4 years ago, and they backslide it only a quarter then that is our "relief". They shot up the prices so much for so many goods across fast food, groceries, etc, that they think they are heroes for dropping the price back down a teeny bit. Naw, my memory is good, these corporations aren't fooling me. I know what things used to cost not long ago, and how much they should be today, and we're not even close.
i got a big mac meal a few weeks ago. the total was about $17 and the BigMac was half the size it use to be. they need to change the name of the burger
Sounds like stagflation if people can't find good full time jobs and inflation is increasing rapidly.
What they don't seem to ever understand is that when you force consumers to change their habits they ALWAYS tend to not change them back.
Once again, this is a world wide issue, not just the US. I hope they change our prices in Europe as well =) Where we are only making like 4 dollars an hour still!!!
what the hell is "proceeds from long term debt"? How do you make money from debt if you aren't a bank creating debt by lending money?
You are violating my 1st rule of government! THE USE OF LOGIC IS GROUNDS FOR TERMINATION. This also applies to dating women, too! 😆 🤣 😂
i dont think the proceeds are from the debt itself, but from the things that got paid for by that debt(yeah you dont get just debt out of nowhere, it's always in exchange for something else, for example a house or a car).
@@sabin97 well, banks create debt out of nowhere. They don't actually have the "money" they are lending. This is the basis for fractional reserve banking. They can basically say, here's $100,000, and poof it appears as legal tender that can pay for whatever the loan is intended to pay for. Then the debt is created and the borrower has to pay it back to the bank.
The only thing I can think would explain proceeds from long term debt is if corporations are getting loans and then investing that money and making a greater return than the interest they are paying on the loan.
Not just fast food companies but all the major companies are making record profits and many are foreign owned. Companies like Conagra and swift have so much control over the industry and raise prices to whatever they want. Thank you politicians who are so busy playing politics.
Inflation calculation should only include items that are considered necessary for survival. Food, housing (and utilities), transportation, clothing, etc. I honestly don't care what Apple charges for the latest iphone. It's completely arbitrary purchase.