The Australian Council of Trade Unions (ACTU) has started an inquiry into price gouging and unfair pricing practices. Since majority of us are facing cost of living crisis, it will be good to have a say on the report.
Anyone can submit about their story and what they see happening.I believe that as Ozbargainer we have lots of stories to contribute.
https://pricegouginginquiry.actu.org.au/
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What is a post without a poll, here you go.
Dunno I’m on Centrelink
If there’s no cap to the taxes you pay or no cap to what taxpayers want to pay, then obviously I wouldn’t be worried about price gouging.
So pay up with no cap sucker
Happy to cap your Centrelink. I reckon we cap it at it's current rate and then allow an increase of no more than 2% per year. Fair?
Seems like another investigation which is going to cost tax payers $millions but with no useful outcome
Probably just being paranoid but the other day when I went to Woolworths I almost got the more expensive 5 star mince until I looked into it a bit further and noticed they had the cheaper 3 star ones in the corner. The mince had no mention about it's quality on the packaging which I found strange. I'm sure I've bought the more expensive one before because of it
The whole thing is a bit of a stunt as it has no power and the government can just ignore it. At best it is an academic PR campaign.
The whole inflation thing is really a private industry fuelled greed exercise.
The RBA downplayed it and said it was transitory and that consumers were the problem when businesses were posting record profits…
The government printing tons of cash was the real problem. But yes, nice of them to blame us when banks and supermarkets are making record profits and we're stuck spending more for everything
That was certainly part of it, but if you don't think many businesses, supermarkets especially, have seen this as a huge opportunity to take a bit extra for themselves in a time of constant inflation talk then I'd suggest a visit to Specsavers
The only way to prevent price gouging is with a command economy where either: a) government forces private enterprise to sell at a fixed price or fixed profit margin;
b) government monopoly - the government owns everything and works in the interest of consumers rather than shareholders in Vaucluse and Toorak.
In this thread: a lot of people who don't understand supply and demand.
I think people just choose colesworth as the easy target since they have a duopoly, but realistically their profit margins aren't that high. The whole supply chain has gone to town on increasing prices but the general population just interact with the supermarkets so they cop all the blame.
That's not to say colesworth shouldn't use their massive bargaining power to put pressure on the supply chain, but still people need to consider other areas of the economy that are massively ripping people off.
My vote is with tradies. They blame "raw materials" yet even when you have a job that is almost all labour, it's still +50% on 3 years ago…
My vote is with tradies.
fortunately my house doesn't need building every week
What should we cap your salary at?