I came across this from a tweet by Ricardo J Salvador @cadwego
Wherein the former Secretary of Labor clearly lays out one of the major drivers for price increases, as well as a clear way for the Biden administration to use its authority to relieve the problem. The core issue is the anti-competitive, monopoly power of consolidated industries.
This referred to a tweet from former Secretary of Labor, Robert Reich @RBReich
Just 4 firms control 85% of the beef market, 66% of the pork market, and 54% of the poultry market. The result? -Lower pay for farmers. -Bigger profits for monopolies. -Higher prices for you. There’s no question: We need to break up Big Ag.
He explains this in a video–How Farmers Are Getting Shafted By Monopolies–which, I am delighted to report, I figured out how to embed here.
