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Grocery giant Kroger is attempting to merge with their competitor Albertsons in a disastrous move for shoppers and workers alike.
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Right now, the only thing potentially stopping this merger is today's Senate hearing and final FTC review – and if everything goes Kroger’s way, the company will end up controlling more than 20% of the grocery market in the country.
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If this merger goes through, Kroger will have less competition, making it likely that they'll jack up prices, cut jobs, and slash wages – all in service of maximizing shareholder profits.
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On our episode of Pitchfork Economics, we talked with Stacy Mitchell – who runs an organization that challenges monopolies – to learn more about why mergers like this one are bad news for our economy.
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Interested in hearing more about monopolies, John? Follow this link and listen to the full podcast episode now.
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Thanks for reading,
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Team Civic Action
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P.S. If you still haven’t taken action on this issue, please follow this link to call on your senators to oppose the Kroger/Albertsons merger at today's hearing.
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