- cross-posted to:
- canadapolitics
- canadapolitics
- cross-posted to:
- canadapolitics
- canadapolitics
Faced with increasing pressure to respond to widespread concerns about the cost of living and questions about his leadership, Prime Minister Justin Trudeau announced a series of new measures Thursday meant to deal with rising housing and grocery prices.
If you place price caps on a product that are below the point where it is profitable for companies to sell it then they will simply stop stocking them in in their shelves. There is historical precedent, too.
Profitability has clearly not been a problem for smaller grocers. Why is it only a problem for the big chains?
Greed.