Quote:
Originally Posted by Tyga11
Why do we care if food prices go up like 5%? You're talking about less than a $1 or $2 increase for most foods. How is that worth crashing the economy over?
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Beef, chicken, milk, eggs, flour, cooking oils are all up significantly. Chicken is crazy: $8.49/lb. for organic split breast, $6.50/lb. for non-organic. That's up nearly 40% over the last two years.
When you look at the median take home pay, an increase across your basket of goods against a fixed income is pretty disastrous. If you take someone with a $50k salary that leaves them with around $400/week in disposable income after fixed items like rent and taxes are factored in. If you assume $200/week in food, that's $28/day you have available.
Now imagine you've got several mouths to feed....