Re:Why America's economy is soaring ahead of its rivals
by zeroonetwothree on Wednesday December 04, 2024 @06:31PM
(#42323217)
TJs is famously cheap, not expensive.
Re:Why America's economy is soaring ahead of its rivals
by throwup238 on Wednesday December 04, 2024 @06:56PM
(#42323365)
Not where I come from. I grew up in the area, not far from the first Trader Joes and down the street from the second, and it’s always been considered an upscale store because it had so many cheaper competitors a few miles away. It was founded to supply the wealthy neighborhoods of Pasadena and South Pasadena.
Re:Why America's economy is soaring ahead of its rivals
by ska on Wednesday December 04, 2024 @09:18PM
(#42324155)
I think you are kind of both right. When TJ’S started they intentionally wouldn’t sell things like milk and eggs because they couldn’t compete with big chains. The niche they were after were “over educated and under paid”.
So they were famously cheap for things that poor and blue collar families weren’t looking for anyway. UMC goods on a LMC budget, really.
Re:Why America's economy is soaring ahead of its rivals
by xenospn on Thursday December 05, 2024 @07:51AM
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TJs is not cheap.
Re:Why America's economy is soaring ahead of its rivals
by llm_trw on Wednesday December 04, 2024 @10:06PM
(#42324415)
It's not a vibe-session when the bottom 50% see inflation that five times the headline rate. It's class warfare and somehow the party of the people is the one defending it.
Re:Why America's economy is soaring ahead of its rivals
by Der_Einzige on Thursday December 05, 2024 @03:56AM
(#42326305)
Democrats have NEVER defended inflation.
Who wants low interest rates (return to ZIRP and funny money) and was willing to intervene on the fed to get it? Republicans.
Interest Rates and Quantitative Easing/Tightening are your tools to fight inflation. Republicans don't like high interest rates because it destroys inefficient big business and makes it harder for them to scam the rest of America.
Blaming inflation on democrats is FUD, and if you seriously do it, please don't ever vote again - society would be better off if you didn't!
Re:Why America's economy is soaring ahead of its rivals
by sangnoir on Thursday December 05, 2024 @04:11PM
(#42332802)
In the fight between labor and capital, the favored class is right there on the label of the economic system. Class warfare is a built-in feature of capitalism - no mainstream American political party is going to repudiate capitalism; the DSA is far from the mainstream and this is exactly its main bone of contention with center/center-right liberals. There hasn't been an unabashedly pro-labor major political party in the US anymore since Bill Clinton's "Third way".
Re:Why America's economy is soaring ahead of its rivals
by asdff on Thursday December 05, 2024 @02:33AM
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Eggs are such a red herring. I pay $6 for eggs. You know how much I’d save with eggs at half price? A whopping $12 a month. Meanwhile my rent goes up by 10x that a year and thats with rent control. Everyone gets all bent out of shape about the price of gas and the price of food but that could realistically double and you’d only be out another what $200 a month or so. No its the rent that is the squeeze for most people not the eggs being $6 and the gas being $5. But of course that is the headlines and not the focus on the lack of housing supply due to restrictive zoning.
Re:Why America's economy is soaring ahead of its rivals
by casey2 on Thursday December 05, 2024 @07:20AM
(#42327474)
but there are 12 months in a year so eggs outweigh rent here
Re:Why America's economy is soaring ahead of its rivals
by asdff on Thursday December 05, 2024 @04:53PM
(#42333228)
$120 a month >>> $12.
I also shop mostly at ethnic grocery stores (Superking, Ranch 99, H mart, etc) and IMO the problem isn’t inflation but general consolidation across many industries. I’m always shocked when I travel to less populated regions (even in California) and see their grocery availability, usually dominated by a single major chain like Albertsons or a local one like Publix. SoCal has competitive prices for groceries despite the high cost of living because there are so many people (and immigrants) to support many competitors, none of whom have real pricing power. My grocery budget hasn’t gone up significantly in the last five years despite switching to Costco for my meat rather than the cheaper halaal butcher.
Eggs are always more expensive at the ethnic stores here but cheap at TJs because they use it as a competitive loss leader. A lot of the country can’t support such competition so there’s zero incentive for suppliers to drive down costs.