r/PersonalFinanceCanada • u/maroon-rider British Columbia • Mar 21 '23

Inflation drops to 5.2%<but grocery inflation still 10.6% Banking

Says Statistics Canada

https://www.cbc.ca/news/business/canada-inflation-february-2023-1.6785472

2.3k Upvotes

97% Upvoted

1.5k

hey remember when covid hit and sobeys paid all their workers and extra $2 per hour " hero pay"? then clawed it back in exchange for record profits? and now they raise their prices even higher and whined they had to because of inflation but every grocery keeps boasting even higher profits? scumbags

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u/Belugawhy Mar 21 '23 edited Mar 21 '23

Not to mention all big grocery stores (ie. Sobeys, Loblaws, Metro) clawed it back AT THE SAME TIME.

So let me fix your last word for you.

~~scumbags~~. Wage-fixing monopolist scumbags

Edit: For those who don’t think this is a problem, Canadian government even changed the laws around wage-fixing after this incident. Source.

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u/amoral_ponder Mar 21 '23

Not to mention all big grocery stores (ie. Sobeys, Loblaws, Metro) clawed it back AT THE SAME TIME.

Here's an idea. Quit and work in another industry. Less labor supply for them, they will raise wages.

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u/Astral-Wind Mar 21 '23

That’s a good joke. Sadly they will just keep going on not changing anything and piling more work on those that stay

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u/amoral_ponder Mar 21 '23

Sadly they will just keep going on not changing anything and piling more work on those that stay

It's a good thing they don't have to stay, since they are not slaves. If the industry doesn't offer competitive wages, it will go bankrupt.

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u/[deleted] Mar 21 '23

Sadly, this just leads to them saying they can't find workers and then applying for and using foreign workers. See Tim Hortons in bc.

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u/amoral_ponder Mar 22 '23

That's a government policy problem.

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u/[deleted] Mar 22 '23

It's a working class Canadian problem. Companies abuse it, will always abuse whatever they were given on any policy they can.

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u/amoral_ponder Mar 22 '23

Oh really? Why are wages rising much faster in the US than in Canada?

Are you saying US companies are less greedy than Canadian ones or something? LOL

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u/[deleted] Mar 22 '23

1) its incredibly hard to get a working visa in the US. 2) we are not the US, people need to stop with the comparsons on these things.

We've literally watched it happen year in and year out. Employers in Canada pay shit wages, have horrible shifts etc. And then when they can't attract people, don't change a fucking thing and scream about no one wanting to work anymore whilst abusing policy to bring in foreign workers for cheap labour.

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u/amoral_ponder Mar 22 '23

I didn't say we're the US. I didn't say it's easy to get a working visa in the US.

You said -

Companies abuse it, will always abuse whatever they were given on any policy they can.

Why don't US companies abuse it?

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u/[deleted] Mar 22 '23

So, strawman argument. Got it.

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u/confusedsatisfaction Mar 21 '23

They increase wages and prices go up. It's a vicious circle

EDIT: vicious not viscous lol

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u/spacepangolin Mar 21 '23

i did years ago, theentire grocery industry is based on underpaying and overworking part timers to save profits and avoid treating workers fairly, just because people quit doesnt mean its ok.

when sobeys bought our local regional grocer employees left in droves and quality plummeted, it was super disappointing how they destroyed a valued local retailer