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La Vota - Inflation

October 23, 2024
Why is everything getting more expensive? 🤔

In this episode of La Vota, Marlene Ramirez breaks down how inflation is affecting us all and what you can do to manage it.

Catch the full conversation and get practical tips on staying ahead! #LaVota #InflationExplained

Español: https://kamalaharris.com/es/issues/

English: https://kamalaharris.com/issues/
Show transcript
00:04
I gotta be honest.
00:05
Every time I go to the grocery store,
00:06
I look at the receipt girl,
00:08
these prices they're getting out of hand,
00:11
they just keep going up and up.
00:12
But thankfully, we have Marlin Ramirez political content creator to tell
00:18
us a little more about who actually sets these prices and what's
00:22
really going down or should I say up?
00:24
Welcome, Marlene. No,
00:25
hello. It's great to be here with me through
00:29
a bit about myself.
00:30
I am a Latina political content creator on tiktok and Latino again
00:34
is a very political and social identity in the States and I'm
00:36
really passionate about making policy accessible to our Latino communities when you
00:40
have a house in the States,
00:41
when you buy a house,
00:42
that is your one way ticket to building like generational vault.
00:45
So I'm really happy to be here and break down some of
00:47
these very like complex problems like inflation.
00:50
Thank you so much for the work you're doing,
00:52
Marlene. We actually went outside,
00:55
we hit the streets to hear from the people.
00:58
You wanna see what they're actually saying out there?
01:01
See if we can answer their question.
01:02
Why are all these prices going so high.
01:05
We can hardly afford any of this stuff.
01:08
I mean, I am literally going home without having to buy
01:10
anything from here. Empty handed.
01:12
My heart goes out to all the people's families because listen,
01:15
me and Dora, like Dora is my dog.
01:17
She's a mini burnt doodle.
01:18
She's bougie. I mean,
01:19
she's expensive. I just can't imagine what it's like having a
01:22
family right now. Same here.
01:24
You know, I have Mis Hermanas,
01:25
they, they have their kids and they're also struggling with their
01:27
basic like dealing like necessities and then inflation is also at play
01:31
here. But what is inflation when the production of items goes
01:35
up? That cost is then given to the consumer.
01:38
For example, let's think about Hot Cheetos.
01:40
I'm a hot Cheeto girl.
01:41
I love, I love hot Cheetos TD when it gets more
01:43
expensive to produce a bag of Hot Cheetos as we've seen because
01:46
now there's more air than actual Cheetos in the bag.
01:49
That is true. Yeah,
01:50
you know, the price then goes up because it's more expensive
01:52
to make a Hot Cheeto bag and that price increase goes to
01:56
the consumer. And so imagine that on like a wider scale
01:59
with every single grocery item that you see at the store,
02:01
I experienced these financial changes like during COVID after the pandemic,
02:06
I really noticed a change.
02:08
The pandemic was a very severe shock to our system.
02:11
Like it was a shock that impacted the economy.
02:14
Globally, it disrupted supply chains all over the world.
02:17
It disrupted prices, disrupted production costs.
02:20
It's been hitting its hard since,
02:20
since, since 2020 so companies,
02:22
they've had to shift quivers,
02:24
Presidente CNN Los Precios.
02:27
I think it's really important to understand the complexity of who exactly
02:31
sets grocery prices because we've had multiple issues at play for the
02:34
past few years. We've had the war in Ukraine.
02:36
We've had a disruption to our global supply chains due to the
02:39
pandemic and even like,
02:41
say with your eggs,
02:42
avian bird flu was really big issue a few years back.
02:45
And that's been impacting our egg prices.
02:47
Yeah. So for example,
02:48
when you buy something at the grocery store,
02:50
you're paying for more than just the product itself.
02:53
Your thea, your theo,
02:54
your mom and your dad,
02:55
they're not just paying for your egg or the milk,
02:58
they're paying for the,
02:59
the costs like wages like transportation,
03:02
the amount of labor it takes to move a product to the
03:04
grocery store which is not fair to us when you think about
03:07
it are the people who are in production or you know,
03:10
farming? Are they being compensated for their time?
03:13
We're feeling it more disproportionately.
03:15
They are the ones bearing the brunt of the labor of picking
03:18
our food and bringing it to our grocery stores.
03:21
If the government were actually to help these businesses,
03:24
then maybe the prices would go down the better question to ask
03:27
would be, why do we,
03:28
as consumers have to be swallowing those costs?
03:31
The focus should be on us because there's millions of us being
03:34
effective. So we should be the ones getting quote unquote assistance
03:37
Does the president have control of this?
03:39
Does the who has it?
03:41
That's what we want to know and who can make a difference
03:44
in lowering it back down?
03:45
We have the FTC,
03:47
the federal trade commission,
03:48
which they basically regulate business here in the state.
03:51
So they basically set the enforcement for how a business can operate
03:54
Ok. So we have the FTC as one variable.
03:57
We have inflation like we briefly talked about,
03:59
about production costs and then business profits.
04:01
Right now, there are four major grocers in the US and
04:03
from there they set the prices only four.
04:06
Wait, it's almost like a monopoly if anything.
04:08
Ok. So the FTC,
04:09
he basically kind of has to fight with these big major,
04:14
yes, like the girlies are fighting and the FTC,
04:16
they're basically fighting these four large grocery store chains in the States
04:22
And so they're going toe to toe with in terms of
04:25
regulation and seeing how,
04:26
you know, they can regulate these big businesses.
04:30
Wait, that's so embarrassing.
04:31
Like they're literally fighting to make things more expensive.
04:34
Vice President Harris, she's proposed some measures to help us this
04:37
you know, stronger regulations to stop price gouging.
04:40
We're thinking about,
04:41
you know, supporting small businesses,
04:42
you know, we can shop more local shop at your like
04:45
little Ranchito shop, at your little,
04:46
like smaller, like locally owned like Latino,
04:49
you know, store and then we can make sure that,
04:51
you know, big companies don't take over the food industry.
04:53
It appears that Kamala Harris does have a plan.
04:55
What about the other guy?
04:57
So Trampas, he actually hasn't put forward any plan to address
05:01
what's happening. What you mean all he said at the moment
05:04
is that he plans to do a potential tax on Chinese imports
05:07
But how does that impact these four major grocery stores who
05:10
are, who are directly in control of pricing in the States
05:14
Interesting, but it's up to us to keep our policymakers
05:16
accountable, especially in this election.
05:18
You know, we each have our own little,
05:20
little niches and, and places we live and,
05:22
and those are all affected during this election season.
05:25
So it does matter even though you think it doesn't,
05:28
I would say you have to pay attention or else I say
05:32
Pazar, I think it's really important to make sure your voice
05:34
is heard on all of these issues.
05:37
So in the name of Tortillas and Hot Cheetos,
05:39
don't forget to register to vote to make your voice count in
05:41
this next election. Where can we keep up with you on
05:45
socials on tiktok and Instagram,
05:47
Marlene period. Ramir are my handles.
05:50
Ok. Yeah, feel free to check out my content.
05:52
Thank you so, so much for joining us today.
05:55
Marlene Ramirez, everyone.
06:02
This video was brought to you by Harris Walt's campaign reminding you
06:05
to go to. I will vote.com to find your polling place
06:09
and make a plan to vote by November 5th.