Consumers FINALLY Get A Win. These Companies Are Lowering Inflated Prices To Bring Back Customers
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- čas přidán 11. 06. 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
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"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."
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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.
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
Lower car prices by 10% after raising the cost by 500% isn't a savings.
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.
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 $150 in savings. Most places only have one or two pipelines that supply distribution of gas for their region. So most gas is the same besides the additives added. My car has over 170k miles on it and still averages between 35 mpg to 38 mpg. (Honda Insight still on original hybrid batteries) So my cheap gas and me adding the additive myself saves me a bundle while not harming my car at all.
I stopped buying fast food completely and now make egg muffins at home everyday
I'm sick of the price gouging especially for food.
I'm happy consumers are standing up to the BS.
I started a garden for vegetables and berries. I hated paying 2$ 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 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.
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
Fast food prices are going down? Who cares? Who buys fast food?
Lower grocery prices.
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.
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
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.
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 😅
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.
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.
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…
HOLD THE DOOR, HOLD THE DOOR, HoDOR, HODOR. Dont go buying stuff now. Hold out longer , make them reduce it more.
All fountain drinks were $1 at McDonald’s just 2 years ago. Now it’s almost $3. That’s almost a 200% increase.
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.
To be honest, I'm glad that fast food places have raised prices. It caused me and my family to start cooking almost exclusively, with only maybe 1 fast food trip per month.
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
Nah its coz customers are boycotting them and its eating into their revenues
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.
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?
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.
They got the message real quick when ppl stopped buying 🤣
Supply and demand works! No demand exists for overpriced supplies!
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.
Keep cooking at home, never go back!
Same, the longer you stay away, the easier it becomes.
$18 for a Mcdonalds meal deal??? GTFO
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.
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.
Pffft... This is NOT lowering prices, it's adding options at lower prices, while the shit we used to get for cheap stays expensive.
So they just admitted to price gauging with no consequences?
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.
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.
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?
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! 💙💙💙
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!
corporations will continue to increase prices as long as they can get away with it
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?!!
Just cook ur own food its cheaper and healthier
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
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.
Isn't the fact that they can lower the price of Clorox Wipes by 14% a show of price gouging of the pandemic.
Companies raise prices 15% than lower 3%. TYT calls it a victory.
They're reducing pricing by up to 17% and still making profits. This is pretty much just greed on display.
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..
Prices are coming down? Where? I just did some shopping!! Tell me the place. Fast food? It's uneatable. It's so bad.
I don't care about discount fast food I want cheap groceries not grocery prices that continue to go up
Stop voting for Democrats.
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.
Cat food by 17%? Didn't say the bag is 23% smaller.
At Walmart 1 pound of bologna two years ago was $2.49 a pound..Today it’s 5.49 a pound!
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.
The big food corporations have been gouging us the past 3 years…posting record profits.
I'm still going to eat at home more
Really doesn't matter if there's no nutritional value in the food
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.
It’s NOT INFLATION!! It’s CORPORATION GREED AND SHRINKING PRODUCTS WITH HIGHER PRICES. Wages have NOT KEPT UP with RISING PRICES.
Boycott all the products. Support ur local
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.
Companies have gouged us for the last 2 and a half years. Now that the regular person cannot afford this anymore, we are reining in our costs. Now these guys are having to bring down their prices and they are acting like this is charity.
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...🙄
3.99 for a large fry that is never filled up like the ads. Maybe half of that? Hard pass.
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.
I dont know if enticing people to eat more fast food is a "win"
They all provide money and food to the IDF.I won't eat their food even if it was 1 cent for a meal.
It is not inflation it is company greed-flation.
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.
Raising prices 50% then lowering them by 5% isn't much of a gain.
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.
Stop buying that crap… “Fast Food”
And watch prices go down..
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.
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. 👍
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.
The ceo of McDonalds made a little more than one million a year and 14 million in extras.
You jealous?
I would rather stay home & eat some home-cooked healthy meals...& save money while doing it.
Corporate buybacks should be illegal.
Go down on those grocery prices too
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
DROP THE PRICES TODAY, RAISE them next week.
This is an illusion of lower prices, because each of those items used to be on the dollar menu. They are essentially just keeping up with inflation and each item is now $1.25.
Inflation is an essential component of the current economy model, price MUSt go up every year or the economy is in recession. Investors MUST see a profit on their investment or there is no reason to invest so that injects inflation into the system which trickles down to the consumer. Just as the economy MUST have inflation it MUST have unemployment, no unemployment means competition for workers that push up wages & no unemployment means no work force for new businesses so no growth. No government wants ZERO inflation, no government wants ZERO unemployment, no pharmaceutical wants a cure all to diseases, why sell 1 cure when you can sell 1,000 treatments.
I now shop at lower mid line food stores. Guess what 1/3 the price better fruits and vegetables, hands down. You just need to go to the indian store, chinese store, japanese store. Latino store, better and cheaper.
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
I was hoping the companies lowering prices were companies producing groceries, not fast foods.
What do you think real healthy foods actually ever going to go down in price it's just going to continue to go up plain and simple they're greedy
We need a windfall tax. It makes price gouging expensive for corporations doing it. And does not affect companies that don't price gouge.
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.
Its probably because companies cant sell what they have anymore because they charged way too high prices
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.
Fast food still has a problem of elevated prices and poor quality.
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.
Pizza is the worst. Price of a small one item pizza with deliver is over $20- $25 with tip and no drink. As they now charge $8.50 for delivery that is before the tip.
dont tip then tell the driver their company already charged a fee
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
Wendy’s 5 mins after suggesting doing surge pricing lmao