“Market forces will keep this from happening.
There are so many low-cost alternatives that the alternatives might trend up a bit but the beef market will have to adjust.
Think Starbucks, Duncan and MacDonald’s when we went through some high priced coffee years — not much of an impact on the retail prices.”
Right you are, and what they do is reduce the portions you get for the same dollar, you see it all over the supermarket, just look a yogurt, cereal. Milk is almost $4.00 a gallon...
I can remember buying new car for $1,950.00, now a riding mower can cost more then that.
A movie was $0.25 to get in, popcorn was also $0.25.
A dollar bill could buy you 4 gallons of gasoline, now a dollar bill gets you 1/4 a gallon and a silver dollar gets you about 8 gallons.
And what was your weekly wage back then? What was the minimum wage (if it even existed)?