Whole Foods had a slight issue a few weeks back with economies of scale. It is an age old issue of cheating slightly to make a little bit of money. What most consumers simply will not understand as to why any company would make more money.
Let me give a real life example. You buy a beverage product and let’ say it is 16oz in size. Now if the company is not honest, it may cheat a little and provide a product of 15.98oz in size. To the consumer, you would have no idea or clue that it is undersized. For the corporation on the other hand, if they have a silo of that product that .02oz of fluid may give them 10% to 25% more product at zero cost. That can lead to some serious money over time and all of that money is pure profit.
All of which provides a solid reason why we all need local and federal agencies to protect the consumer.
Below is a well done video from The Young Turks that does a fantastic job covering the issue.
Mike Dodd
I have a wide range of views and opinions. I have worked in a number of industries some of them are: Banking, Dairy, Health Insurance, Education and Government. I am the owner and editor in charge of a number of websites and message boards. The crown jewel of the websites is WaveChronicle.com which covers a wide variety of content. The Wave Chronicle is a site built to put forth thought provoking information, which can range from activism, politics, technology, philosophy, climate change, education, futurist / transhumanist theory and some fun articles that tend to be on the conspiracy theory side. Finally, I am also an accomplished no limit holdem poker player who sadly does not see enough time at a poker table.
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