those profits were huge. it s partly an out growth of their influence with the trump administration but also their market power given that basically four companies control the vast majority of the meat processing industry. congressman, thank you. we ll follow this. we ll be right back. ( ) ( ) ( ) ( )
earlier talking about consolidation within the meat processing plants and meat processing industry. i work with him on that issue and carry the house companion of his special investigator bill because we ve seen the problems that exist when there are supply chain disruptions and closures within a consolidated meat processing industry. and the same is the circumstance that we are witnessing in the baby formula manufacturing industry. it is so consolidated, that when there is a disruption in the supply market, and when there is a closure of one factory, months later, we find ourselves in a circumstance where parents are desperately trying to feed their children and cannot obtain the formula they need. this is, i think, to your point, this should not occur in the united states of america. looking at the consolidation in the 90s, there was lawsuits brought forth against the baby formula industry, about
as much of a focus. you got into the issue of the consolidation problem. some of the medium to long-term problems in the meat processing industry. but it seems like the biggest problem we re all facing right now is a labor shortage. what in this plan short term can help with that? well, i think two aspects. in the plan itself $100 million that will be allocated to workforce development to make sure that we can adequately staff more processing capacity. with more processing capacity, we ll have more choice and more opportunities in the grocery store that should help moderate and lower prices. part of the supply chain challenges workforce shortages in key areas like truck drivers. marty walsh and his team is focused on really accelerating apprenticeship programs so we ask get people behind those
law-abiding citizens are tired of being told that the biggest threat that they face is the unmasked, on facts, and the omicron variant. it s a violent homicides in the streets. trace: the efforts that we are seeing in los angeles and in san francisco. do you see this going forward in other states around the country? there is such an extraordinary amount of money. as you know, guys like larry krasner, limitless funds. in these off your elections and recall elections, they re not as organized. maybe they can go forward. i hope they do. i m pulling for. trace: chris stigall, great to have you on. happy new year. dana: book targeting children s book erasing very prominent conservative names. the backlash on how the social media giant is reacting next. plus, president biden rolling out a new plan for the meat
winners for economics say it will ease long-term inflationary pressure. the bottom line, if price increases are what you re worried about, the best answer is my build back better plan. third thing we re going to do, promote competition. look, in too many industries, a handful of giant companies dominate the market in sectors like meat processing, railroads, shipping and other areas. this isn t a new issue. it s not been the reason we ve had high inflation today. it s not the only reason. it s been happening for a decade. but over time, it has reduced competition, squeezed out small businesses and farmers, ranchers and increased the price for consumers. we end up with an industry like the meat processing industry where four big companies dominate the markets. pay ranchers less for their cattle they grow, charge consumers more for beef,