1. The consolidation of corporate power, along with the decline of unions, has weakened the ability of workers to negotiate wages.
In the grocery industry, this could get worse if Kroger, the largest supermarket chain, is permitted to acquire Albertsons, the second-largest
🧵
2. A study by @[email protected] concluded that Kroger's acquisition of Albertsons would "reduce the number of outside employment options available to workers, lowering grocery store workers’ annual wages by a total of $334 million."
https://popular.info/p/how-a-grocery-store-mega-merger-could
In October 2022, Kroger, the nation's largest supermarket chain, reached an agreement to purchase Albertsons, the nation's second-largest supermarket chain, in a deal valued at $25 billion. Albertsons itself acquired another major competitor, Safeway, in 2015 for $9.2 billion. The deal, which is subject to review by the Federal Trade Commission (FTC), would create a
@juddlegum @BrianJopek Guess who’s on the Board of Directors of Kroger? The wife of one of the most odious senators to ever set foot into the Capitol, Mitch McConnell
Judd Legum
Richie Enameller