From The American Prospect <[email protected]>
Subject From cutting costs to raising prices
Date June 3, 2024 4:51 PM
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Our June special issue on pricing is live! ??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????

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Dear reader,

It seems like everywhere you turn, consumers are being gouged. Price hikes are nothing new, but in 2024, they've been reinvented, and companies have a variety of tricks and questionable business practices employed to capture more of your money and grow record profits at the expense of consumers.

That's why we teamed up with Groundwork Collaborative for our June print issue, to explore how these pricing strategies work to wring as much out of the American public as possible, and how they affect your everyday life.

To kick off the series, Lindsay Owens, Executive Director of Groundwork Collaborative, and I wrote about the age of recoupment: how corporations have shifted from indiscriminately cutting costs to raising prices. Prices are becoming increasingly unmoored from the fundamentals, like the cost of labor or materials. In its place, a new corporate credo has emerged: The best price is the one consumers are willing to pay.

You can read the piece here. [link removed]

READ MORE >> [link removed]

Over the next two weeks, we'll be rolling out the June special issue one story at a time. The issue covers everything you need to know about how corporations rip the public off, from surveillance pricing to junk fees to medical bills and grocery pricing. You can read the issue online as it comes out here. [link removed]

THE PRICING ISSUE >> [link removed]

Every day, our small but mighty team works hard to bring you the news you need on a shoestring budget. We're a nonprofit newsroom, and we don't have corporate backers or billionaire donors to subsidize our work. To make special projects like this month's issue possible, we rely on the generosity of our readers, who chip in a few dollars at a time to fund our work.

By becoming a member today for just a few dollars a month, not only will you be eligible to receive our print magazine, but you'll also receive member benefits including special events, exclusive member access and video content, and more.

We work hard for your trust, and our members say they're getting their money's worth. Won't you join them? [link removed]

BECOME A MEMBER >> [link removed]

Thanks for being a part of this,

David Dayen
Executive Editor
The American Prospect

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