Posted on 02/19/2014 6:02:47 AM PST by BlatherNaut
CBS News reports that the combination of food prices being inflated and the stagnation of wages is threatening the middle class. The report noted that staples such as chicken, ground beef, and bacon have skyrocketed in price since 2011: the price of chicken is 18.4% more than it was; ground beef is up 16.8%; and bacon saw a huge increase of 22.8% in price. These price hikes came despite the federal government’s sunny assertion that prices in general have only increased 6.4% in that period. Meanwhile, median income has only risen 1% each year, while the cost of college tuition has climbed 6% to 8% every year for at least forty years. ConvergEx market strategist Nick Colas commented, "Food inflation is far greater than the government thinks it is. The disconnect is severe, because it's the economists that make policy but it's the people who have to live with the outcome of that policy and that disconnect is growing to the point where I think it has to break soon.”
(Excerpt) Read more at breitbart.com ...
I am going to throw family size into the mix here. We have a large family and we are much closer to the 20% number. We feed 11. Families are much smaller on average than in 1929.
The thread wasn’t about Trader Joe’s.
If you ate meat you would have the brain power to know that.
Hunters, aka meat eaters, also learn to control their emotions so they don’t scare off their food.
Have a bacon sandwich and calm down.
We just bought chicken breasts for 1.69 a pound at Aldi.There are some deals out there but you have to do some searching to find them.
Just pointing out rotten behavior when I see it. You worry about the clot, OK?
I deal with snobs like you every day.
One area that does not need dear reader fiddeling with is heavy trucks. If say mack trucks came out with tractors that got even 1 mpg better than all the rest. That is what would sell the best. It makes $ for the operator. The other issue is the number one way they get better mpg out of a car is to shed weight. That won’t work as tractor trailer trucks are always loaded to capacity to maximize profit.
Good luck big truck makers.. your gonna need it.
Freight hauling is already finely balanced between fuel efficiency and cost effectiveness. You can’t increase one without causing the other to suffer. Government stepping in and demanding higher fuel standards will cause cost effectiveness to suffer and drive consumer prices up.
Trains are incredibly fuel inefficient if you assume they’re running around empty all the time. However if you look at the amount of freight they carry against the fuel they use they become very efficient freight haulers. (Something like 400 miles per gallon per ton)
Just to clarify food and fuel are part of the base headline CPI. There is another measure of CPI called Core CPI that excludes those items. The main reason is food and fuel/energy tend to be volatile causing the base CPI to jump all over the place.
Vegetarians are food to me.
Your clarification is correct. However, Core CPI is what’s used to calculate COLAs, if I am not mistaken. That screws pensioners.
Have you seen documentary “the perfect diet?”
Yup. Faced with heavy fines for “fuel inefficiency,” haulers will have to start deadheading more and pass the extra expense to the customer.
It’s already happening in California.
Is that the vid with C.J. Hunt, Loren Cordain PhD, et al?
Don’t remember names...but it was very well done.
Actually at least for the Social Security COLA the CPI-W, Consumer Price Index-Urban Wage Earners and Clerical Workers , is used which includes food and energy.
We have a sailboat that I go stay on for a couple of weeks at a time. I always stop at the 99c Only store to buy my groceries. I stopped this last Saturday and spent $28 for groceries that will last til I go home this Saturday. I am eating well too.
BUT! BUT! BUT! It’s not fair (queue up the tears and violins) that people in other(African) countries spend so much more of their income for food than Americans do.
As we all know “White folks greed leaves a world in need”.
That jug eared clown told everyone he was going to drive up the cost of food but people didn’t listen or worse they just didn’t want to hear.
Thanks for the clarification.
It’s a little confusing, because everybody I know (not a scientific sample, of course) got COLAs that didn’t even cover their Medicare premium increases, so I have to wonder where the inflation numbers are coming from.
I just watched a trailer for that, and except for the mini-lecture by the Wookie it looks worth watching. It appears to tout the “caveman diet.”
Meanwhile I was reading an article yesterday about “fuel poverty” in the UK. It costs so much to heat their homes this winter that some people (retirees) are having to shave their fuel usage to the point they are freezing to death in their homes.
He wants people who actually pay for their own food to pay a LOT more,
whilst it doesn’t matter for “his people” (dependent democrats) because no matter what food costs, it will be subsidized by the same people who are paying a lot more for their own food.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.