An economics professor with Sudbury’s Laurentian University says a grocery store chain’s choice to lock up certain cheeses and instructing customers to ask a cashier for assistance is an indication of a broader problem.

Louis-Philippe Rochon says the issue points to a much bigger societal issue than simply trying to deter theft.

The signage, spotted at a Vancouver No Frills store owned by Loblaw, shows the locked up 250g wedges of President’s Choice Splendido Parmigiano-Reggiano and President’s Choice Splendido Grana Padano, priced at $9.99 each.

[…]

“As much as [theft] is a problem for the supermarkets, I think it points to a bigger issue in society, which is the fact that the prices of groceries have gone up by 10 per cent on average or more… People can’t afford to eat… People have to resort to stealing to feed their families,” said Rochon.

The Greater Sudbury Police Service does not have specific numbers on people stealing from grocery stores but notes an overall rise in reported thefts over the past five years. Sarah Kaelas, a spokesperson with the police service, reports the number of thefts under $5,000 was 609 in 2019, but that figure rose to 834 last year.

However, Rochon believes the focus should be on the root causes of these crimes rather than on the acts themselves.

“This is a reflection of deep inequalities and food insecurity. We should not concentrate on shoplifting and theft. These are symptoms. What we should be concentrating on is what causes those.”

He believes rising production costs and supermarkets’ reactions are exacerbating the problem.

[…]

Supermarkets have increased the price of the goods in order to compensate. But there’s also a little bit of greed going on in the supermarkets. The packages have gotten much smaller," said Rochon.

Rochon suggests the government should consider price controls to address these challenges. He says it is easier for the government to introduce such a policy now than it was 30 years ago.

  • DerisionConsulting@lemmy.ca
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    3 months ago

    just a couple of months worth of your fiat expenses at any one time in fiat.

    That isn’t really a solve for people who are stealing food to eat. They don’t have one month’s expenses on hand.

    That way, most of your net worth is in something that is not losing value constantly.

    https://www.forbes.com/advisor/investing/gold-price/

    Over shorter time periods, the inflation-adjusted price of gold fluctuates dramatically, making it a poor near-term hedge for inflation.

    From 1980 to 1984, annual inflation as measured by the consumer price index averaged 6.5%, but gold prices fell by an annual average of 10% over the same period. Gold’s returns not only fell short of inflation, but also underperformed real estate, commodities and the S&P 500.