During my junior year of high school, I got the same question everyone got at that age: “what do you want to be when you grow up?”
When you open a bag of chips you expect some air, but some companies have been increasing that amount of air. It's a practice known as shrinkflation, and it has been a common way for companies to reduce product sizes while charging the same price or higher to drive profits. Now, two Democratic lawmakers are accusing three of the biggest companies of taking part in it in a letter sent out Monday. The three companies listed: General Mills, PepsiCo, and Coca-Cola.
They know consumers are price conscious and they'll definitely notice if the good goes up in price, but if they take out a little bit from each package they know consumers are not net weight conscious,' said Edgar Dworsky, founder of Consumerworld.org.The letter goes on to claim the companies have furthered their profits by paying less in taxes.RELATED STORY | What is shrinkflation?The lawmakers say from 2018 to 2022, Coca-Cola made $13.
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