Thread regarding Cal-Maine Foods Inc. layoffs

Excuseflation

"The power of excuseflation is that it allows apologists to, well, make excuses. When egg prices shot up in January, Big Egg was able to blame it all on bird-flu. There really was a bird-flu problem, but there's also a single company that sells all the eggs: Cal-Maine foods, a monopolist that increased its margins by 110% in a single year. Wholesale prices stabilized, but prices kept going up, and CALM's share price climbed by 47%"

https://pluralistic.net/2023/03/11/price-over-volume/#pepsi-pricing-power

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