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Target CEO says shoppers are pulling back, even on groceries
(www.cnbc.com)
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this post was submitted on 03 Nov 2023
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We're talking about what is happening now. Pointing out something that always happens in an argument thats trying to explain current issues doesn't make much sense.
And I'm arguing this is what's happening right now, even if it's been happening before.
Wages have risen, but that's not even close to being for everyone, whereas almost everyone has felt the increase in grocery costs (even if some stuff fell this year)
There's a reason food bank use is still continuing to increase, because more and more people are struggling to even afford groceries.
True, there is a reason for this. But that doesn't mean anything that can explain it is the truth.
And the claim that it is because wages are stagnant and prices are rising is not the explanation, because wages are now out pacing inflation, and it's just starting to ramp up now, so it's more complicated.