Many observers have attributed the woes of Campbell Soup Co. and Hostess Brands Inc. to changing consumer tastes, describing an increasingly health-conscious nation.
But some economists say increased competition, not healthy eating, is to blame for plant closures by the two companies that will cost the Sacramento region a combined 1,000 jobs.
Consumers have many more food choices today than even a decade ago, said Victor Stango, an economist in the Graduate School of Management at the University…
Many observers have attributed the woes of Campbell Soup Co. and Hostess Brands Inc. to changing consumer tastes, describing an increasingly health-conscious nation.
But some economists say increased competition, not healthy eating, is to blame for plant closures by the two companies that will cost the Sacramento region a combined 1,000 jobs.
Consumers have many more food choices today than even a decade ago, said Victor Stango, an economist in the Graduate School of Management at the University…