Yeah, if you look at most electronics, appliances, etc. you’ll see where purchasing power has increased. Just not sure why food is one of the things that seems to be going crazy lately with inflation.
Personal opinion:
Because some food should not be that cheap. It’s part of the reason we are so fat in the US (plus car centric cities). Subsidies keep some things like corn artificially low and they end up being hammered in into every product (biodiesel, sweeteners, animal feed, etc.)
With that setup, companies have learned to use those subsidies and other workarounds and loopholes to maximize profit at the expense of the product being output and we fall for it every time.
Edit: plus the usual smoke screen if using some events like COVID to jack prices up, increase executive pay and acquire smaller companies to artificially set the price in some instances.
Yeah, if you look at most electronics, appliances, etc. you’ll see where purchasing power has increased. Just not sure why food is one of the things that seems to be going crazy lately with inflation.
Personal opinion: Because some food should not be that cheap. It’s part of the reason we are so fat in the US (plus car centric cities). Subsidies keep some things like corn artificially low and they end up being hammered in into every product (biodiesel, sweeteners, animal feed, etc.)
With that setup, companies have learned to use those subsidies and other workarounds and loopholes to maximize profit at the expense of the product being output and we fall for it every time.
Edit: plus the usual smoke screen if using some events like COVID to jack prices up, increase executive pay and acquire smaller companies to artificially set the price in some instances.
Your opinion is bullshit the only reason the poor starve is because you can never satisfy the greed of the rich.