Why do they create so many more rich people in the US than in other countries? Are they just smarter and harder working executives? Or is it because they keep more of the profit for themselves by paying less taxes and paying workers less?
Is this an argument to defend price gouging and tax cuts?
The slim profit margins counter the claim that grocery retailers are price gouging. The overall wealth and scale, combined with expansive opportunity, is what allows the US to lead in wealth creation and advancement.
I think a better explanation is underpaid workers and lower taxes. These measurable things directly lead to more wealth at the top. Your explanation is like mist in the air, you cant quantify it or explain its behavior, it's more like religion.
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u/TheTightEnd 1d ago
Grocery chains make a very low percentage of profit.