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Prices have gone up taking on those who Will price gouge at the grocery stores And other stores I will focus on one Element that's on the minds of many Americans as they pay their bills at the Kitchen table or walk the aisles of a Grocery store I'm Dey and I came to Target myself to answer the question are They ripping us off with their corporate Greed and to determine that everybody We're looking at this thread from Steve Weisner and he broke down paper towels And toilet paper at Target today to see If there's an absolutely insane example Of corporate greed and price gouging and So he decided to do his own analysis Because he was so angry because prices Have gone up so we started looking at Target's annual revenue so we're going To break down the numbers and at the end Of the video I'm going to tell you why Exactly is your toilet paper so Expensive when you go to Target so here You can see since 2018 we had a nice Rise in annual revenue this is how much Money targets bringing in year after Year but then something started happen It kind of peaked in 22 and we have the Last 12 months is Fallen even further to 106 so we got up to 106 109 fell to 107 And for the last 12 months in 2024 down To 106 so we're seeing a little bit of Revenue slipping here since 22 and Continuing to do so but when you start
To break down the cost of good sold AKA They bring in this much money but this Is what it costs for them to sell you Those products cost of good sold we Outpacing how much revenue they're Bringing in he does a great job breaking In how much profit you make on every Dollar of Revenue today so in 2018 they Were making 8.4 so if they're charging You a dollar for something it cost about 91.6 but now you can see it is actually Fallen they have now reduced that 8.4 Cents to 7.6 now might not seem like a Lot but this is actually a considerable Amount when you're talking about razor Thin margins like grocery stores have But some of you more astute viewers Might be wondering well if Target's not Price gouging then it must be the toilet Paper manufacturers cuz I know there's Corporate green somewhere I could just Smell the corporate greed in fact KLA Has even more comments on it and I will Work to pass the first ever Federal ban On PR price gauging on food so the price Gauging uh must be coming from the Toilet paper manufacturers all right Well not quite folks and when we look at Kimberly Clark we see something similar And if you're wondering what what is Eitaa that is just earnings before all Of your expenses like taxes depreciation Interest Etc and their eBid to margins Aren't that great and if you look here
You can see it's actually been declining 2018 there was 16.1% and now has fallen To 11.6% so if you're wondering what That basically means you may they used To make 16 cents off a dollar now they Basically make 11 now that's not quite Exactly accurate with all expenses but That's the rough estimate and if you Want to know what this means just think Of yourself for a dollar they used to Make 16 cents and now they only make 11 And here you can see International Paper You can see they made almost 3 billion In earnings before interest taxes toe Appreciation mization in 2019 but now It's just all the way a little over two In the last 12 months so they have Actually seen a little bit of a decline Here and I did a little bit more Research I was wondering all right well Let me just check myself for the last Quarter it's actually lowered even more And now it is down to 10.5% so they had revenue of $4 billion In just 3 months they brought in income Of a little under $500 million now that Might seem like a whole lot but then you Realize oh they have 39,000 employees so Revenue of 20 billion all right well They're basically employing a small City So that's a lot of people wiping a whole Lot of butts I didn't realize there was That much toilet paper out there so if It's not going to Target Target's not
Guilty of corporate greed the toilet Paper manufacturers are not guilty of Corporate greed why is it more expensive When you go to the grocery store Everybody well folks everything is more Expensive across the board so I pulled Up first thing I looked at was energy I Tried to find a nice graphic here and This is real electricity prices in Australia so this is a Aussie prices Here and I imagine they you know they Have to wipe their butt down there as Well and you can see that energy prices Across the board are rising and nothing Has risen more than household Electricity meaning it is never felt More expensive for you to power your Home that AC has never been more Expensive in your life business Electricity business gas household gas Doesn't matter what it is across the Board Energy prices are going up so if You have a factory and it's making Toilet paper and you can see it Basically went from 1,000 to about $1,700 we're seeing about a 70% energy Cost rising in Australia now is it Just Energy it is not it is also wages Employees are having to be paid more and More to do the same job you got people Trying to work from home people trying To do gig economy and now it is just More expensive to hire at any given Field quarterly percent range and so
Actually what we're looking at here is 12 month per change this is year Over-year you can see we're hitting About 5% increase Year over-year so if they cost a dollar To make it next year cost a do five in Labor but that toilet paper hasn't gone Up 5% you know maybe it's only going up 3 4% and so they end up making less Money and if you're wondering well it Feels like it affects me even more than That that's because inflation has been Outpacing your hourly earnings so you've Been making a little bit more money yes But inflation has increased even more Than that so while Labor's going up cost Of goods is going up electricity is Going up where you have your building The real estate is going up everything Is going up across the board and so when You have people pointing the finger and Just saying hey it's the evil Corporation the story isn't that simple Folks and they say The Simpsons almost Always says it best so I'm just going to End with the Simpsons Meme here for you Principal Skinner everybodyy could Prices be increasing because of Government spending in the Federal Reserve no it is the corporations who Are greedy that's our video today I'm Not trying to carry water for the big Corporations but when I see people Pointing the finger instead of pointing
It at themselves because they added so Much money to our money supply I just Get so frustrated and if you get Frustrated from rising prices hit that Like button I'm Dey for discover crypto And I'll see you your canned beans and Your stockpiled toilet paper at the top
