New York City Mayor-elect Zohran Mamdani has said city-run grocery stores are an opportunity to address affordability and to give the public a choice.
  • corsicanguppy@lemmy.caEnglish
    59·
    14 hours ago

    That’s not true, and they make money in lots of ways:

    You understand that the net profit of 1.5% includes all sales and all expenses, right? It’s neat-o they’re selling space in the store, but that’s already factored in.

    • rainwall@piefed.socialEnglish
      10·
      14 hours ago

      That includeds executive pay packages too, right? I dont think whoever is runnung these is going to make $21 million/yr like the kroger CEO.

      That and the other blown out of sanity exec pay should help lower in store prices, even if the workers are making his proposed $30/hr wage.