David Dayen
speaker
5 appearances
1 recordings
1 series
first heard Nov 2024
last heard Nov 2024
David Dayen’s voice in public audio — every appearance, attributed to the second.
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Appearances
And this company collects real-time proprietary data from all of the meatpacking producers in a given market, whether it's pork or beef.
poultry or chicken or turkey.
And they put all this data in these giant books and they give them out to these various competitors, which now have basically a setup of everything that their competitors are doing, including their price, including their supply, including every single thing part of their market.
And now they can know that, oh, I can probably raise my price because I'm under price relative to my competitor, but I won't lose market share because my competitor is charging more for this product.
And it has the tendency to ratchet prices upward.
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