I understand, even agree with the principal.
But don’t grocery stores average low single digit margins? A universal 10% discount might not be workable. Unless the point is to eliminate self-checkout. But then why not simply do that?
Mamdani seems to have a favor to improve supermarkets somewhat? Already showing this with the city-owned grocery stores (allegedly for food deserts). I assume the philosophy is somewhat like “you can only have a strong population if they’re properly fed”. which is true.
I’m just saying, from a purely mathematical point of view, the city would do more good by building cheap and efficient social housing, and public transport etc.
I fully think large grocery chains are screwing customers.
But having worked at a few smaller grocery stores, the margins are absurdly thin. At one 6ish store semi-local store I worked for we made roughly 3 cents on the dollar. That included various fees and labor, but once you factor in theft and chargebacks and bounced checks and such - it could get even thinner some months.
Granted, I assume the megacorp ones maybe negotiate / strongarm for higher margins? So fuck 'em.
I understand, even agree with the principal.
But don’t grocery stores average low single digit margins? A universal 10% discount might not be workable. Unless the point is to eliminate self-checkout. But then why not simply do that?
Mamdani seems to have a favor to improve supermarkets somewhat? Already showing this with the city-owned grocery stores (allegedly for food deserts). I assume the philosophy is somewhat like “you can only have a strong population if they’re properly fed”. which is true.
I’m just saying, from a purely mathematical point of view, the city would do more good by building cheap and efficient social housing, and public transport etc.
I fully support capped CEO pay.
I fully think large grocery chains are screwing customers.
But having worked at a few smaller grocery stores, the margins are absurdly thin. At one 6ish store semi-local store I worked for we made roughly 3 cents on the dollar. That included various fees and labor, but once you factor in theft and chargebacks and bounced checks and such - it could get even thinner some months.
Granted, I assume the megacorp ones maybe negotiate / strongarm for higher margins? So fuck 'em.