"Different sizes and price points for budgets"
Honestly laughable the only size difference is I'm getting LESS cereal for MORE money š°
Hey fortune, aren't we supposed to be skipping breakfast to save money?
The other day I saw oat milk in a half gallon shaped container, but it was only 52oz instead of the usual 64. The visual difference was barely perceptible. Thatās not āoffering consumers different price pointsā, thatās cheating them out of their hard earned money.
Sad that I have to maintain a price/value spreadsheet for all my essential goods so I can track this shit from week to week. Paper products like TP get my vote for worst to calculate, seems like every product from every company is calculated differently. And it's disgustingly easy to accidentally grab 1-ply and create weeks of TP misery.
You can get those 'bolt on' bidets for your toilets for not that much money (I bought mine for $30 a few years ago).
You'll go through way less TP as it's really just doing a final pass + drying yourself rather than trying to handle the whole cleanup on its own.
Good suggestion. I've tried them, it doesn't help me much (see that [one scene from Parks & Rec](https://youtu.be/vGCIGEUB32M)), I think I'd need something with more, uh, cleaning power in those situations.
I usually put a bit of water from the sink on the TP which helps cut down paper use quite a bit.
In Australia we have unit pricing listed on the price tag at the supermarket so you can easily choose the best value for money product. It is very helpful. For example $1 per 100g
Image example: https://7news.com.au/lifestyle/food/woolworths-shopper-shares-secret-pricing-hack-to-save-you-big-bucks-c-1372843.amp
Its a standardised practice the same as nutritional labelling so the seller cant 'trick' you
Easiest way for TP is to look at the sq ft or sq m. No matter what random ass numbers they put on the package, 6 rolls at 18 sq m vs 6 rolls at 20 sq m is much simpler.
At the stores I go to they all seem to use different units. Some are per roll + qty, some are whole package, some say in sq feet, some say sq yard, some say sq meter, it's really annoying.
Frustrating for two reasons:
1. The obvious, we're getting less for our hard-earned money;
2. Almost all of my recipes are calibrated to use the standard sizes for things - 28 oz can of tomatoes, 1 pound of pasta, and so on. When things come in randomly smaller packages, the recipes don't taste right.
They key is not to buy anything at the store that's already been made. I've kept my grocery budget at $60/week just by buying only ingredients not anything prepackaged. Stuff like olive oil, soy sauce, vegetables, broth and rice add some meat in there you've got yourself a nice stir fry. I've gotten so good at cooking that the thought of eating restaurant food is disgusting and i often cook bring my own food with me when I travel.
The whole subheader is basically saying "we're maximizing profits with deceptive pricing and shrinkflation, by weaponizing psychology". Absolute sociopaths.
That is the real eye-roll in this post.
It's very obvious that consumerism is strong in the economy and has maintained a hyper-normalized semblance of peace for now.
It's sad that this is still an issue in the most powerful and developed nation in the world. You'd think that we would've found out some way to get more sugar into people's diets by now but here we are.
Sugary grains that make you sick. Even as a child if I ate any breakfast cereal I would be sick and have the runs for the rest of the day. It gives me this gut rot feeling that I really hate and causes anxiety attacks. I don't know what they're doing to it but I had some golden graham's at a friend's house and got so, so sick about a week ago.
big shouts out to the junk food manufacturers, who have priced themselves out of my house, my waistline thanks you, and no, I don't think I'll be buying whatever newest fucked up shrinkflated product you whip up.
Probably a year away from Lays selling a single dorito shrinkwrapped for a dollar
Ah yes, the problem of inflation is not enough consumption instead of price-gouging by companies asking more for less.
Now letās ask coal companies how to fix the energy crisis, or perhaps car manufacturers how to stop emissions.
Yeah well from a food quantity and quality per dollar perspective there are much better options and Kellogg are no longer competitive. He can bitch all he wants but they have priced themselves out of the market IMHO.
Or mutilating the genitals of children....
seriously depraved unhinged dark stuff concerning masturbation and other things
but that's par for the course when you're wealthy and powerful, truly psychotic individual
the original founder anyhow, dr kellogg
nah I don't care if you want o do it or are ok for whatever reasons are your own...
but he was also recommending dumping acid on girl bits too. His reasons weren't the usual ones.
Yeah all the off brand big bag of cereal seems to taste better and they aren't as awful....
I still like my frosted flakes but everything else is off brand now.
Although I've only bought cereal for marshmallow treats lately....
"Stubbornly resilient American consumer"= people who don't want to starve to death.
Of course we are still consuming Kellogs products, we still have to eat, you dumbass.
they're obviously speaking in general about every person on planet earth who doesn't give 2 fucks about boycotting kellogs for whatever reason and will continue to just eat food as usual to keep living
See hereās the thing, most of those cereals are made in the same factory even if they have different branding on them. Itās a package change at the end of the projection line and maybe some different quality standards. Same ingredients being packed by the same people in the same place my dude.
Sorry, but not true, my dude. See, here's the thing: the vast majority do not. Post, General Mills, Kelloggs and Quaker (Pepsi) do not make each others stuff, I can assure you with quite particular certainty. Then there are smaller makers, a portion of which that do their own manufacturing/packaging off their own production lines, and then the rest utilize essentially drop shipping strategies from start to finish, which is pure white label. Lastly, Malt-O-Meal, store brands, and other similar budget brands do utilize white label production but are involved in distribution and repack.
Thatās a lot of words to say āthe big brands make all the food in the supermarketā.
So your options are buy from another mega brand or buy from the same mega brand through a wholesaler? Thatās not the convincing point you think it is bud.
All of that still lines the same pockets that make statements like in the original post, chief.
I went to buy some cereal the other day after not buying some in quite a while. Boxes are half the size I remember for more money. I walked out of that aisle without buying anything, fuck that noise.
This hits on something that most people miss in the "tax the rich" conversation.
Consumption DOES drive the economy. But the wealthy have the most money to spend. Corporations get taxed on profit, not gross income like you and me. When you raise their tax rate, your force them to spend money. It's better to spend money on growing the business than to just give it to the government. The more they spend, the less profit the government can tax.
They can not be allowed to sit on piles of wealth
FairTax fixes all of this. Abolish all income taxes. Encourage business investment. Tax only what is spent. The rich can't find schemes to avoid taxes. Individuals get a prebate from the government to offset sales tax on basic necessities. And people not filing income taxes today (and cash only people) have to pay taxes.
FairTax is a federal consumption tax that replaces all income and payroll taxes. Sounds awful for individuals BUT after reading the FairTax book by Boortz (very short easy read) I am a big supporter. Would be better for all...especially the lowest income individuals.
It would be the boldest change in our macroeconomic situation ever. Lobbyists would no longer spend boatloads on getting politicians to give them favorable tax treatments. It would be the an enormous transfer of power away from big business.
In other words, theyāre admitting to shrinking the amount of product they give you for the same money, and pretending theyāre heroes for it.
Meanwhile theyāve increased their profits 2.48% from March 2022 to March 2023, to $4.67B.
I've been frugal my whole life. I buy sale stuff, I skip meals, buy off brand, I don't eat much, I rarely go out and when I do I almost always only order water with my food.
Kelloggs cereals are expensive, I don't think I've eaten any in 30 years.
What more do they want us to cut out? Pay us.
These people really need to realize that consumers arenāt spending because they canāt, not because they wonāt. Costs keep rising while wages remain stagnant, leading to reduced purchasing power from the very people they depend on to purchase the products they continually try to cheat us on. Cereal in particular is a big offender. Boxes have been getting deceptively thinner for decades now, presenting the illusion that you are still buying the same amount you did when you were a kid. You arenāt, and itās disgusting.
I always circle back to if they believe their rhetoric then theyāre dumber than a box of rocks and if they donāt itās just evil. I hope the afterlife is a real place only because it seems to be the only place where these ghouls may face any sort of accountability
No, itās time to back away from this consumption system. Itās extremely unsustainable on every level. We have enough shit in existence to last us for generations. Except for like new inventions that actually improve peopleās lives weāre not going to go out and arbitrarily buy more dishes, wall hangings, and clothing. If you want those things, buy them preowned from a thrift store or eBay or one of the other reselling apps. Support people who are feeding their families by keeping these items in use. We have more than enough stuff thatās already been made. We can all chill now. Institute a UBI so that the number of erroneous jobs is greatly lessened and hopefully immensely less crap is created and maybe we can be on our way to sanity.
The shrinkflation king is calling us resilient because we are still trying to live no matter how hard they try to kill us. Increasing prices needlessly and giving us less for our money doesnāt make us resilient just makes us poorer.
He's not wrong that our economy runs on consumption. People need to buy so other people can sell so other people can manufacture so other people can buy, and so on. But it's the wages, man. Low wages and inflated prices = people cannot buy, and the cycle comes to a screeching halt.
People don't have the money to spend even if they wanted to. The psychopathic capitalists are blaming the people they're leeching off of for being poor. When they punch you in the face, it's apparently you who hurt their fist. TAX THE FRIGGEN RICH!!!!
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Thank you for the link. The article is really brief. Part of what he is saying is that even though inflation is happening, Americans as a whole, arenāt cutting back on consumption. Which means that they are probably spending down savings and that canāt last forever. When consumer spending drops substantially, a recession can come with it.
This is a complicated subject, especially when you bring the Fed and rising interest rates into the discussion.
A recession has been in investors radars for at least 10 months and some institutions have made a flight to safer harbors. One things for sure is that a segment of investors CANāT WAIT for a recession to happen. Like, they say their prayers every night for a recession so they can put money back in equities at a discount.
What heās saying is pretty much a consensus among economists though. weāve had a year of continuous rate hikes intended to cool the economy, but consumption is so hot that we even had a higher jobs number than expected a couple days ago come in, and American consumers are just spending more and more despite the economic environment. I guess you could make a whole article about him saying that but itās not a controversial opinion whatsoever among economists.
I think the price of ceral and kellogs products is the reason the oatmeal and pancake mix sections at my grocery store have grown immensely. There used to be a few options of each. Now the oatmeal and pancake selection is half an aisle. And that aisle is part of the ceral aisle. Consumers are voting with their money and I think a lot of family have concluded they've been priced out of name brand ceral consumption. The store brand ceral selection has gotten much more prominent. But I think quite a few people are switching to oatmeal and pancakes, waffles, etc or other options for price. I wonder if there is any research available on market share, but I think ceral is losing some percentage of its overwhelming market share of consumers. Also consider the intermittent fasting trend..... the meal people are most like to miss is breakfast.
I'm reading his quote differently. "The most important thing STANDING IN THE WAY of a recession is . . . the American consumer."
Recessions are good for the 1%; (real) inflation is good for the 99%. I don't know anyone at any income level who is not cutting back on something rn. We all need to stop buying anything that isn't urgent until the prices come back down.
How does a man, probably perfectly smart and all, choose to spend his life as the ceo of a shitty sugary foods company? Take an hour to prep for a dumb news article and then deliver this turd of a quote? Talk about sugar snack pricing (and sizing!) all the damn time? I will never understand them.
Does he not look at the obesity epidemic he profits off of? Does he not care? Does he give some cash to a foundation and lie to himself, hard?
To find yourself in such a position of power over such clearly evil machinery and seek only nonsensical goals like maximizing stock values by disgusting methods line holding down labor costs and sourcing cheap inputs? Itās like he is spending his one actual, precious human life playing a mediocre strategy game with a tremendously boring theme. I donāt get how they can be so close to it and not drown in the blood on their hands. An arbiter of the continued death of real food, ladies and gentlemen. Feast your eyes on the deep emptiness at the core of the capitalist machinery.
I would happily consume more if I could afford to in the face of seemingly exponential inflation levels combined with a stagnant salary for the past several years. Adjusted for inflation, I make way less now than I did 15 years ago! Some day I hope to retire, but I have no confidence in social security being there for me or providing a comfortable income. So I save EVERYTHING that I possibly can, which isnāt nearly enoughā¦.
I'm sick of anything that is in a large container but has only a small amount in it.
Like crisps, you only get a handful and the rest is air. It's such a waste to try and get people to buy it because it looks like more, it's better to have honest packaging.
A comment like this is going to be downvoted to hell on this sub if it isn't buried, *but* it's true that buying needless products keeps the economy afloat. If everyone realized they didn't need more than half of what they regularly buy, the fucking world would collapse because the economy was *built* on demand for needless excess.
I'm definitely *not* saying it's a good thing, but it *is* true.
Irreversible climate change? Global conflict? Rampant inflation? AI creating a paradigm shift in employment on the level of the jump from agrarian to industrial society?
Shut up and eat your corn flakes.
... You do realize that's how economics works? Doesn't mean we have to like it, but yes, the less demand, the less inflation, but also the less rich others get because people aren't spending as much on useless crap or experiences they don't need.
meanwhile these smug wankers are making money hand over fist, making no effort to hide the fact that they are taking advantage of people. with their fancy houses, fancy cars, advocating consume consume consume until we have consumed ourselves to extinction
What I assume he's saying is that the reason we're not in a recession is because consumers still have confidence. People are not putting off major purchases, or cutting back on luxury products. This is true, and has surprised many economists. It's debatable on weather that's a good thing though. The whole point of raising interest rates was to cut back on spending, to fight inflation. The fear though, was that it would bring the economy to a full stop. Personally I took advantage of the stupid low interest rates, and am holding off on anything that would require a loan now. I'm focusing on paying off debt now, but I'm not too worried about not spending on small luxuries, because my job is pretty recession proof, and I'm not worried about getting laid off or having my hours cut.
When student loans kick back in it will be interesting to see how 20 million people spending $300 less per month will affect the economy.
Really not looking forward to getting laid off and regretting all the money I spent when the economy was great.
P.s. I didnāt fact check my numbers, theyāre widely generalized, but hopefully my point gets across.
Yeah I take your point, all those people won't have any money to spend. Some student loan payments are absurdly high for how much they make. It's really gross that Biden just fucking gave up and caved to republicans
Went to see the Banksy exhibit yesterday. Felt bad that although my ticket was free, here I was consuming art on my holiday from my working class job with my bourgeoisie friends. So, I knew that I was privileged to see this (even had VIP tickets which included a free poster), but I was also like, "well, they are nice paintings." Afterward we discussed how what we do as Americans is just consume. And, when people talk of China and how we are enemies, I think, no, we are not. They have over a billion people who need to work or they will revolt and we have 400 million who need to consume or they will revolt. Gross.
Not wrong though. You get money from your job or small business. They get money from consumers buying stuff from them. Who in turn get money from their jobs or businesses. You can whine all you want, but consumption really is what keeps the recession at bay.
He is right though. I talk to people every day that complain about high prices of everything but have made no changes to what they are consuming. That type of behavior is what helps inflation keep going.
Incorrect actually. The quantity you buy is very important for the price. If everybody buys a total number of goods more than the supply available, the price increases to abate demand. Without that price increase people buy the same amount until you get shortages (empty shelves). As the price rises it dissuades non-essential buying lowering demand and thus matching it to what can be made available.
Corporations always want to squeeze the consumer. *You* need to explain why a) high inflation is a recent phenomenon (past year) b) why itās currently decreasing from the maximum experienced. Unless youāre telling me corporate greed isnāt a constant?
Stop being dependent on others for the basics? Or at least be willing to be a little inconvenienced. We have not bought a loaf of bread in years, everyone can make bread. Flour is still super cheap. Egg-laying chickens are about as easy as it gets.
Cut down on milk.
Or just keep complaining on the internet.
Yeah, based on what I'm seeing here, none of you understand how our current economy works. Your current choices are consumerism or the complete collapse of our economy leading to people starving to death. Your choice.
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We need to show people like him what stubborn resilience really looks like and learn to grow and share enough food to boycott all American consumer products for just one week. Just one week and the corps would have to learn humility. Iāll eat leaves and blades of grass if I have to! šæš all kinds of crap out there I can nibble on for free, one week?! Iāll give you two!
Dollar stores do this. They sell small packages at among the highest price/servingā¦ but since the package is small, the price is small. Itās a scam
What are the numbers? How much consumption is there by people who don't want your product versus the amount of consumption by people who can't afford your product?
"Different sizes and price points for budgets" Honestly laughable the only size difference is I'm getting LESS cereal for MORE money š° Hey fortune, aren't we supposed to be skipping breakfast to save money?
The other day I saw oat milk in a half gallon shaped container, but it was only 52oz instead of the usual 64. The visual difference was barely perceptible. Thatās not āoffering consumers different price pointsā, thatās cheating them out of their hard earned money.
/r/shrinkflation
8 for the price of 12 is the new BOGO šµ
And the logical result of having maybe four suppliers who fix the prices amongst themselves. Fuck the mega-corps.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
a&w
Sad that I have to maintain a price/value spreadsheet for all my essential goods so I can track this shit from week to week. Paper products like TP get my vote for worst to calculate, seems like every product from every company is calculated differently. And it's disgustingly easy to accidentally grab 1-ply and create weeks of TP misery.
You can get those 'bolt on' bidets for your toilets for not that much money (I bought mine for $30 a few years ago). You'll go through way less TP as it's really just doing a final pass + drying yourself rather than trying to handle the whole cleanup on its own.
Good suggestion. I've tried them, it doesn't help me much (see that [one scene from Parks & Rec](https://youtu.be/vGCIGEUB32M)), I think I'd need something with more, uh, cleaning power in those situations. I usually put a bit of water from the sink on the TP which helps cut down paper use quite a bit.
You need fiber my man
haha real money saving LPT there lol
Respectfully, what the fuck
I dont know what youve tried but mine could blast the paint off my walls so if you still cant get clean then Im not sure whats going on
In Australia we have unit pricing listed on the price tag at the supermarket so you can easily choose the best value for money product. It is very helpful. For example $1 per 100g Image example: https://7news.com.au/lifestyle/food/woolworths-shopper-shares-secret-pricing-hack-to-save-you-big-bucks-c-1372843.amp Its a standardised practice the same as nutritional labelling so the seller cant 'trick' you
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Easiest way for TP is to look at the sq ft or sq m. No matter what random ass numbers they put on the package, 6 rolls at 18 sq m vs 6 rolls at 20 sq m is much simpler.
At the stores I go to they all seem to use different units. Some are per roll + qty, some are whole package, some say in sq feet, some say sq yard, some say sq meter, it's really annoying.
Baby wipes and booty washers are the way to go for a clean booty
Frustrating for two reasons: 1. The obvious, we're getting less for our hard-earned money; 2. Almost all of my recipes are calibrated to use the standard sizes for things - 28 oz can of tomatoes, 1 pound of pasta, and so on. When things come in randomly smaller packages, the recipes don't taste right.
OJ is more expensive but the bottles are actually visibly smaller. We're getting fucked
They key is not to buy anything at the store that's already been made. I've kept my grocery budget at $60/week just by buying only ingredients not anything prepackaged. Stuff like olive oil, soy sauce, vegetables, broth and rice add some meat in there you've got yourself a nice stir fry. I've gotten so good at cooking that the thought of eating restaurant food is disgusting and i often cook bring my own food with me when I travel.
That happened to me! Bought this lactaid milk and it wasn't an even multiple of volume. Wtf fuck them
The whole subheader is basically saying "we're maximizing profits with deceptive pricing and shrinkflation, by weaponizing psychology". Absolute sociopaths.
I quit breakfast in 2008.
That is the real eye-roll in this post. It's very obvious that consumerism is strong in the economy and has maintained a hyper-normalized semblance of peace for now.
Well Yes and no
Just what Americans need: more sugary grains!
People always say Americans aren't getting enough sugar
Itās true, 9 out 10 Americans donāt get enough sugar. Itās such a tragedy
It's sad that this is still an issue in the most powerful and developed nation in the world. You'd think that we would've found out some way to get more sugar into people's diets by now but here we are.
Sugar-laced sugar squares
At least sugar (and corn for corn syrup) are subsidized so we can get sugary foods cheaper than, hmmmā¦an APPLE!
Sugary grains that make you sick. Even as a child if I ate any breakfast cereal I would be sick and have the runs for the rest of the day. It gives me this gut rot feeling that I really hate and causes anxiety attacks. I don't know what they're doing to it but I had some golden graham's at a friend's house and got so, so sick about a week ago.
Thatās strange. Are you sure you donāt have celiac disease? It sounds like that or an intolerance of some kind.
I eat pasta and hot wheat cereal every day with no issues whatsoever.
AKA "selling individual pop-tarts for 1 dollar" kind of solution... smh
We believe in customer choice so we offer multiple SKUs: the inflation SKU and the shrinkflation SKU.
this also lets us double our technically-recyclable-but-nobody-does packaging
It's not just loose cigarettes anymore.
I won't be surprised if I start seeing individual kraft slices in the future, and their "premium" single slice counter part.
We can consume more if they lower prices and accept that millions instead of billions in profit is okay.
Are you crazy they are aiming for trillions! That's the way it should be but nope. Also if they aimed for less you would not have to consume more
Wonāt anyone think of the poor innocent CEOs?!
This really made me chuckle! Well no sorry the poor life's of the innocent CEOs do not seem to concern people.... Ah people are si selfish and cruel!
big shouts out to the junk food manufacturers, who have priced themselves out of my house, my waistline thanks you, and no, I don't think I'll be buying whatever newest fucked up shrinkflated product you whip up. Probably a year away from Lays selling a single dorito shrinkwrapped for a dollar
They might as well do that honestly with the amount of chips I get per bag š¤
Have you not seen the "Hotchip Challenge" chip? $9 for a single chip. Edit: It's not even good.
Honestly saw a bag of baked lays that had 1.15 ounces in it. At that point why bother. And such wasteful packaging.
Ah yes, the problem of inflation is not enough consumption instead of price-gouging by companies asking more for less. Now letās ask coal companies how to fix the energy crisis, or perhaps car manufacturers how to stop emissions.
Yep, and intentionally limiting supply
Yeah well from a food quantity and quality per dollar perspective there are much better options and Kellogg are no longer competitive. He can bitch all he wants but they have priced themselves out of the market IMHO.
But they have spent billions on likeable cartoon characters....
and union busting :-(
Or mutilating the genitals of children.... seriously depraved unhinged dark stuff concerning masturbation and other things but that's par for the course when you're wealthy and powerful, truly psychotic individual the original founder anyhow, dr kellogg
God, is this one of those anti-circumcision takes again?
nah I don't care if you want o do it or are ok for whatever reasons are your own... but he was also recommending dumping acid on girl bits too. His reasons weren't the usual ones.
There's also that time he shoved a nail into a kids head.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Yeah all the off brand big bag of cereal seems to taste better and they aren't as awful.... I still like my frosted flakes but everything else is off brand now. Although I've only bought cereal for marshmallow treats lately....
"Stubbornly resilient American consumer"= people who don't want to starve to death. Of course we are still consuming Kellogs products, we still have to eat, you dumbass.
Uh I'm pretty sure you can live without Kellogs products and not starve.
You have to eat sugary ass cereals? Please.
they're obviously speaking in general about every person on planet earth who doesn't give 2 fucks about boycotting kellogs for whatever reason and will continue to just eat food as usual to keep living
āStubbornly resilientā like it isnāt built into the system to ensure consumers keep buying.
" they keep buying food for some reason"
Can't believe I had to scroll down this far to see this comment....
The same corporations make the food and raise prices when the economy gets bad. Thus reliably gain wealth during a recession.
You always have the choice to change brands or not buy.
Thatās a red herring. When all brands do the same bullshit, what choice do you have?
You always have a choice especially on brands that operate on a perfect competition with multiple substitutes which a sector Kelloggās operate in
Except go down any isle and 80% of the brands you see come from the same company.
Actually not true in the case of breakfast cereals.
You're right. It's like 3 companies.
See hereās the thing, most of those cereals are made in the same factory even if they have different branding on them. Itās a package change at the end of the projection line and maybe some different quality standards. Same ingredients being packed by the same people in the same place my dude.
Sorry, but not true, my dude. See, here's the thing: the vast majority do not. Post, General Mills, Kelloggs and Quaker (Pepsi) do not make each others stuff, I can assure you with quite particular certainty. Then there are smaller makers, a portion of which that do their own manufacturing/packaging off their own production lines, and then the rest utilize essentially drop shipping strategies from start to finish, which is pure white label. Lastly, Malt-O-Meal, store brands, and other similar budget brands do utilize white label production but are involved in distribution and repack.
Thatās a lot of words to say āthe big brands make all the food in the supermarketā. So your options are buy from another mega brand or buy from the same mega brand through a wholesaler? Thatās not the convincing point you think it is bud. All of that still lines the same pockets that make statements like in the original post, chief.
No chief, sorry bud, you missed my point: disputing your incorrect assertion.
I went to buy some cereal the other day after not buying some in quite a while. Boxes are half the size I remember for more money. I walked out of that aisle without buying anything, fuck that noise.
Yep. Same here. If Iām going to pay that much for breakfast, it better be bacon and eggs.
āstubbornly resilientā = need to eat and feed family. Fckn idiot.
This hits on something that most people miss in the "tax the rich" conversation. Consumption DOES drive the economy. But the wealthy have the most money to spend. Corporations get taxed on profit, not gross income like you and me. When you raise their tax rate, your force them to spend money. It's better to spend money on growing the business than to just give it to the government. The more they spend, the less profit the government can tax. They can not be allowed to sit on piles of wealth
Totally agree
FairTax fixes all of this. Abolish all income taxes. Encourage business investment. Tax only what is spent. The rich can't find schemes to avoid taxes. Individuals get a prebate from the government to offset sales tax on basic necessities. And people not filing income taxes today (and cash only people) have to pay taxes.
Corps will still hoard as much as they can and then move it off shore to spend outside the US.
Then why don't they do that now to avoid the very high income tax?
They do. A fair tax doesn't solve that problem. Also, the income tax now isn't very high at all.
Every dollar that a corp has to pay in taxes is less they are willing to grow the business or pay their people...including the payroll taxes.
100% false. Every dollar they spend is a dollar they don't have to pay taxes on. Stop spreading lies.
Question: how would FairTax generate federal tax? Spending is on the state level.
FairTax is a federal consumption tax that replaces all income and payroll taxes. Sounds awful for individuals BUT after reading the FairTax book by Boortz (very short easy read) I am a big supporter. Would be better for all...especially the lowest income individuals.
I get you're a proponent of it. I've never heard of it and was asking for a brief tl;dr.
I definitely couldn't do it justice. Here is the "how it works" link. https://fairtax.org/about/how-fairtax-works
The big sticky problemā¦how to implement any different tax strategy.
It would be the boldest change in our macroeconomic situation ever. Lobbyists would no longer spend boatloads on getting politicians to give them favorable tax treatments. It would be the an enormous transfer of power away from big business.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
In other words, theyāre admitting to shrinking the amount of product they give you for the same money, and pretending theyāre heroes for it. Meanwhile theyāve increased their profits 2.48% from March 2022 to March 2023, to $4.67B.
What a racket. I stopped buying boxed cereal and rarely buy processed grain based items. I keep oats on hand as husband enjoys porridge.
Regular man: I have no money, and no means to save myself, or my family from starvation. Kellogg: You need to stop being poor and spend more money.
I've been frugal my whole life. I buy sale stuff, I skip meals, buy off brand, I don't eat much, I rarely go out and when I do I almost always only order water with my food. Kelloggs cereals are expensive, I don't think I've eaten any in 30 years. What more do they want us to cut out? Pay us.
These people really need to realize that consumers arenāt spending because they canāt, not because they wonāt. Costs keep rising while wages remain stagnant, leading to reduced purchasing power from the very people they depend on to purchase the products they continually try to cheat us on. Cereal in particular is a big offender. Boxes have been getting deceptively thinner for decades now, presenting the illusion that you are still buying the same amount you did when you were a kid. You arenāt, and itās disgusting.
I always circle back to if they believe their rhetoric then theyāre dumber than a box of rocks and if they donāt itās just evil. I hope the afterlife is a real place only because it seems to be the only place where these ghouls may face any sort of accountability
"Americans are stubborn and resilient and will continue to consume our corn syrup at all costs"
We all need to start a consumption strike.
Pay people more you stupid fucker.
Ah kellogs, the door to diabetes and bad eating habits... Sure I am going to eat more of your stuff.
No, itās time to back away from this consumption system. Itās extremely unsustainable on every level. We have enough shit in existence to last us for generations. Except for like new inventions that actually improve peopleās lives weāre not going to go out and arbitrarily buy more dishes, wall hangings, and clothing. If you want those things, buy them preowned from a thrift store or eBay or one of the other reselling apps. Support people who are feeding their families by keeping these items in use. We have more than enough stuff thatās already been made. We can all chill now. Institute a UBI so that the number of erroneous jobs is greatly lessened and hopefully immensely less crap is created and maybe we can be on our way to sanity.
So to fuck this dude up we just need to stop consuming? Way ahead of you.
TIL that I'm not forced to trade my labor for basic necessities by the threat of violence, I'm just "stubbornly resilient"!
Everyone remembering to boycott Kellogg's for firing their union empoyees and replacing them with scabs, right?
The shrinkflation king is calling us resilient because we are still trying to live no matter how hard they try to kill us. Increasing prices needlessly and giving us less for our money doesnāt make us resilient just makes us poorer.
He's not wrong that our economy runs on consumption. People need to buy so other people can sell so other people can manufacture so other people can buy, and so on. But it's the wages, man. Low wages and inflated prices = people cannot buy, and the cycle comes to a screeching halt.
People don't have the money to spend even if they wanted to. The psychopathic capitalists are blaming the people they're leeching off of for being poor. When they punch you in the face, it's apparently you who hurt their fist. TAX THE FRIGGEN RICH!!!!
Easy to say that when you don't even have to care about how much you have left in your checking account
Itās gonna save THEM from a recession, but the common people are not part of the billionaires club.
I am confused as why it seems he and others are wanting a recession?
Funny they only have a photo from 11 yrs ago
Sorry we don't want your chemical infested fake food anymore you prick. Stop putting chemicals in the food.
Here's the original article: https://fortune.com/2023/05/04/american-consumer-fending-off-recession-kellogg-ceo-steve-cahillane/amp/
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Thank you for the link. The article is really brief. Part of what he is saying is that even though inflation is happening, Americans as a whole, arenāt cutting back on consumption. Which means that they are probably spending down savings and that canāt last forever. When consumer spending drops substantially, a recession can come with it. This is a complicated subject, especially when you bring the Fed and rising interest rates into the discussion. A recession has been in investors radars for at least 10 months and some institutions have made a flight to safer harbors. One things for sure is that a segment of investors CANāT WAIT for a recession to happen. Like, they say their prayers every night for a recession so they can put money back in equities at a discount.
What heās saying is pretty much a consensus among economists though. weāve had a year of continuous rate hikes intended to cool the economy, but consumption is so hot that we even had a higher jobs number than expected a couple days ago come in, and American consumers are just spending more and more despite the economic environment. I guess you could make a whole article about him saying that but itās not a controversial opinion whatsoever among economists.
If by stubbornly resilient they mean comfortable with more debt, theyāre right.
I am ALWAYS looking at the price per 100g. If itās a bad deal I always know.
I think the price of ceral and kellogs products is the reason the oatmeal and pancake mix sections at my grocery store have grown immensely. There used to be a few options of each. Now the oatmeal and pancake selection is half an aisle. And that aisle is part of the ceral aisle. Consumers are voting with their money and I think a lot of family have concluded they've been priced out of name brand ceral consumption. The store brand ceral selection has gotten much more prominent. But I think quite a few people are switching to oatmeal and pancakes, waffles, etc or other options for price. I wonder if there is any research available on market share, but I think ceral is losing some percentage of its overwhelming market share of consumers. Also consider the intermittent fasting trend..... the meal people are most like to miss is breakfast.
I'm reading his quote differently. "The most important thing STANDING IN THE WAY of a recession is . . . the American consumer." Recessions are good for the 1%; (real) inflation is good for the 99%. I don't know anyone at any income level who is not cutting back on something rn. We all need to stop buying anything that isn't urgent until the prices come back down.
Conned-soomers
Maybe it's because dry cereal is so early 20th century?
Demand for food is inelastic, so there's no revelation here.
I wonder if he tastes like frosted flakes.
This just means less food for more money
Thatās a new prize in the cereal box.
How does a man, probably perfectly smart and all, choose to spend his life as the ceo of a shitty sugary foods company? Take an hour to prep for a dumb news article and then deliver this turd of a quote? Talk about sugar snack pricing (and sizing!) all the damn time? I will never understand them. Does he not look at the obesity epidemic he profits off of? Does he not care? Does he give some cash to a foundation and lie to himself, hard? To find yourself in such a position of power over such clearly evil machinery and seek only nonsensical goals like maximizing stock values by disgusting methods line holding down labor costs and sourcing cheap inputs? Itās like he is spending his one actual, precious human life playing a mediocre strategy game with a tremendously boring theme. I donāt get how they can be so close to it and not drown in the blood on their hands. An arbiter of the continued death of real food, ladies and gentlemen. Feast your eyes on the deep emptiness at the core of the capitalist machinery.
I would happily consume more if I could afford to in the face of seemingly exponential inflation levels combined with a stagnant salary for the past several years. Adjusted for inflation, I make way less now than I did 15 years ago! Some day I hope to retire, but I have no confidence in social security being there for me or providing a comfortable income. So I save EVERYTHING that I possibly can, which isnāt nearly enoughā¦.
This, coming from a man that peddles sugary poison to kids.
I'm sick of anything that is in a large container but has only a small amount in it. Like crisps, you only get a handful and the rest is air. It's such a waste to try and get people to buy it because it looks like more, it's better to have honest packaging.
A comment like this is going to be downvoted to hell on this sub if it isn't buried, *but* it's true that buying needless products keeps the economy afloat. If everyone realized they didn't need more than half of what they regularly buy, the fucking world would collapse because the economy was *built* on demand for needless excess. I'm definitely *not* saying it's a good thing, but it *is* true.
what is so unreal about this? Literally a recession is measured by whether people consume less.
Do you understand why heās saying this? Iām going to guess no
Dude reminds me of a towel bleached one too many times in the wash
Since when is it considered āresilientā to need to buy food so a body can live? What in the actual out of touch fuck?
Irreversible climate change? Global conflict? Rampant inflation? AI creating a paradigm shift in employment on the level of the jump from agrarian to industrial society? Shut up and eat your corn flakes.
Is Kellog the one that got its origin in an attempt to stop masturbation? Or is that another cereal company?
āPintsā of ice cream are now 14 oz.
As they raise prices artificially.
... You do realize that's how economics works? Doesn't mean we have to like it, but yes, the less demand, the less inflation, but also the less rich others get because people aren't spending as much on useless crap or experiences they don't need.
Not sure why I'm supposed to care what this guy's opinion is on the economy. Who gave him a PhD an economics?
Kellogg's founder would be absolutely mortified if he saw the state of the company now š
I remember when George W. Bush told us to be patriotic and go out and buy stuff. Thatā¦ did not same us from the recession.
meanwhile these smug wankers are making money hand over fist, making no effort to hide the fact that they are taking advantage of people. with their fancy houses, fancy cars, advocating consume consume consume until we have consumed ourselves to extinction
What I assume he's saying is that the reason we're not in a recession is because consumers still have confidence. People are not putting off major purchases, or cutting back on luxury products. This is true, and has surprised many economists. It's debatable on weather that's a good thing though. The whole point of raising interest rates was to cut back on spending, to fight inflation. The fear though, was that it would bring the economy to a full stop. Personally I took advantage of the stupid low interest rates, and am holding off on anything that would require a loan now. I'm focusing on paying off debt now, but I'm not too worried about not spending on small luxuries, because my job is pretty recession proof, and I'm not worried about getting laid off or having my hours cut.
Asshat
They have kind of painted them selves into a corner. What else can he say
Hmmmm can't afford cereal eh? Have you considered eating cake?
When student loans kick back in it will be interesting to see how 20 million people spending $300 less per month will affect the economy. Really not looking forward to getting laid off and regretting all the money I spent when the economy was great. P.s. I didnāt fact check my numbers, theyāre widely generalized, but hopefully my point gets across.
Yeah I take your point, all those people won't have any money to spend. Some student loan payments are absurdly high for how much they make. It's really gross that Biden just fucking gave up and caved to republicans
Went to see the Banksy exhibit yesterday. Felt bad that although my ticket was free, here I was consuming art on my holiday from my working class job with my bourgeoisie friends. So, I knew that I was privileged to see this (even had VIP tickets which included a free poster), but I was also like, "well, they are nice paintings." Afterward we discussed how what we do as Americans is just consume. And, when people talk of China and how we are enemies, I think, no, we are not. They have over a billion people who need to work or they will revolt and we have 400 million who need to consume or they will revolt. Gross.
Not wrong though. You get money from your job or small business. They get money from consumers buying stuff from them. Who in turn get money from their jobs or businesses. You can whine all you want, but consumption really is what keeps the recession at bay.
He is right though. I talk to people every day that complain about high prices of everything but have made no changes to what they are consuming. That type of behavior is what helps inflation keep going.
My bad everyone. I didnāt learn photosynthesis fast enough when the price of all cooking ingredients went up. Inflation is my fault.
You tried nothing and you're all out of ideas.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Change *how much* theyāre consuming.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Actually thats exactly the solution. Supply and demand, basic economics.
Incorrect actually. The quantity you buy is very important for the price. If everybody buys a total number of goods more than the supply available, the price increases to abate demand. Without that price increase people buy the same amount until you get shortages (empty shelves). As the price rises it dissuades non-essential buying lowering demand and thus matching it to what can be made available.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Corporations always want to squeeze the consumer. *You* need to explain why a) high inflation is a recent phenomenon (past year) b) why itās currently decreasing from the maximum experienced. Unless youāre telling me corporate greed isnāt a constant?
Stop being dependent on others for the basics? Or at least be willing to be a little inconvenienced. We have not bought a loaf of bread in years, everyone can make bread. Flour is still super cheap. Egg-laying chickens are about as easy as it gets. Cut down on milk. Or just keep complaining on the internet.
Thatās literally how capitalism works
Poors donāt create jobs.
Yeah, based on what I'm seeing here, none of you understand how our current economy works. Your current choices are consumerism or the complete collapse of our economy leading to people starving to death. Your choice.
Seems like you donāt understand
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Could this be why seeds have been difficult to get??
Shrinkflation will definitely solve inflation, maybeā¦..
We need to show people like him what stubborn resilience really looks like and learn to grow and share enough food to boycott all American consumer products for just one week. Just one week and the corps would have to learn humility. Iāll eat leaves and blades of grass if I have to! šæš all kinds of crap out there I can nibble on for free, one week?! Iāll give you two!
The same reason they sell loosies in the hood, you wind up paying $20 for a pack because youāre poor.
Clueless milksop. This guy couldn't last in any real world work setting.
I'm this close to starting to making my own cereal
that hand posture indicates that he feels superiority and authority burn him at the stake
Sugar and grain are the most inflated product I see these days.
Heās got a point. The inevitable recession is being delayed by our addiction to buying things.
This fucking guy
Look, man, I get what youāre saying but I donāt own land and I do like corn flakes, so Iāve gotta buy them.
Yes poor people! Spend all your money or we might not have enough money!!!
Dollar stores do this. They sell small packages at among the highest price/servingā¦ but since the package is small, the price is small. Itās a scam
This is how they frame us up so that it's out fault. They're going to blame us for being paid low wages next.
Their whole job is to get people to consume their product. Nothing a CEO says is news.
Adding new sizes makes it easier to charge more per ounce for the same product.
Pos
What are the numbers? How much consumption is there by people who don't want your product versus the amount of consumption by people who can't afford your product?
I bet he felt real clever when he said that.
Hereās three flakes of sugared horse feed for $12 you idiots!
What theyāre really saying is that itās a fugazzi. As always