President Biden has launched a brand new video through which he calls out firms for shrinkflation, which is charging extra for much less product.
The President stated:
It’s Tremendous Bowl Sunday. And for those who’re something like me, you prefer to be surrounded by a snack or two whereas watching the large sport.
You understand, when shopping for snacks for the sport, you may need observed one factor: sports activities drinks bottles are smaller, bag of chips has fewer chips, however they’re nonetheless charging ya simply as a lot. And as an ice cream lover, what makes me probably the most offended is that ice cream cartons have really shrunk in measurement, however not in worth.
I’ve had sufficient of what they name shrinkflation. It’s a rip off. Some corporations try to drag a quick one by shrinking the merchandise little by little and hoping you gained’t discover. Give me a break.
The American public is uninterested in being performed for suckers. I’m calling on corporations to place a cease to this. Let’s be certain companies do the appropriate factor now.
Video:
Whilst you had been Tremendous Bowl buying, did you discover smaller-than-usual merchandise the place the value stays the identical?
Of us are calling it Shrinkflation and it means corporations are supplying you with much less for each greenback you spend.
I’m calling on the large shopper manufacturers to place a cease to it. pic.twitter.com/wL1NsEh78F
— President Biden (@POTUS) February 11, 2024
It’s refreshing to have a president who will tackle company America as an alternative of plotting his subsequent massive tax reduce and giveaway to firms. Companies are cashing in massive by reducing the quantity customers are given in a bundle whereas preserving the value the identical.
Inflation has fallen, so shrinkflation is nothing greater than company greed, and the President was proper it has to cease.
Individuals aren’t fools and so they don’t need to be ripped off by company America.
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