Skip to content

Comment on Bottom 80% of US Households Persistently Dissaves-Spending More Than Incomeparent

Comments

One of things that has been happening under the radar in NA is an enormous amount of consolidation and mergers. While you might see a lot of different brand names for stores (and the products they carry), in reality there is actually not that much competition.

In Canada, for example, there are basically only 3 huge grocers (some internationals as well, like Costco and Walmart, but that's only recently). They have been caught price fixing bread, for an example, from 2001 to 2015. I imagine there is much more going on.

They aren't even under the radar. Grocery store chains have been merging aggressively over the last few years; many larger SMBs have gotten acquired by private equity and management groups; hell, the consolidation in tech consulting these last three years has been noticeable.

AboutSource Built by g1lg1l

Hackerly is an independent reader for Hacker News, built on the public HN API. Not affiliated with Y Combinator.