by Higgenbotham » Mon May 27, 2024 11:41 am
A graph of food cost as a percentage of income filters out most of the noise. Probably more or less inflation wouldn't change it much, as incomes won't keep up with food costs regardless, or go down faster than food costs go down, if that were to be the case. Some might question whether food quality has changed over the decades, making the situation even more extreme than the chart depicts. Well, we at least know this. The wealthy can now have their free range certified organic meat (high carbon footprint or environmentally friendly, or both?) whereas the masses will be eating meat from CAFOs if they can afford it. Meantime, billionaires will repeat the slogan that people have never had it so good and the media will mindlessly quote it.
You’ve Never Had It So Good. That’s Why You’re Stuck.
The low interest rates and high salaries of recent years have people staying put; part of the American dream slips away
By Joe Pinsker
Across the country, people want to find better jobs, bigger homes and even nicer gyms. But making any of those leaps right now could leave them worse off financially in the long run.
Low interest rates, high salaries and membership discounts scored before and during the pandemic often can’t be matched today, binding people in golden handcuffs. Many feel comfortable, but stuck.
https://www.wsj.com/lifestyle/careers/f ... y-f29e7434
Didn't take any time at all to find this, but probably could have done much better.
A graph of food cost as a percentage of income filters out most of the noise. Probably more or less inflation wouldn't change it much, as incomes won't keep up with food costs regardless, or go down faster than food costs go down, if that were to be the case. Some might question whether food quality has changed over the decades, making the situation even more extreme than the chart depicts. Well, we at least know this. The wealthy can now have their free range certified organic meat (high carbon footprint or environmentally friendly, or both?) whereas the masses will be eating meat from CAFOs if they can afford it. Meantime, billionaires will repeat the slogan that people have never had it so good and the media will mindlessly quote it.
[quote]You’ve Never Had It So Good. That’s Why You’re Stuck.
The low interest rates and high salaries of recent years have people staying put; part of the American dream slips away
By Joe Pinsker
Across the country, people want to find better jobs, bigger homes and even nicer gyms. But making any of those leaps right now could leave them worse off financially in the long run.
Low interest rates, high salaries and membership discounts scored before and during the pandemic often can’t be matched today, binding people in golden handcuffs. Many feel comfortable, but stuck.[/quote]
https://www.wsj.com/lifestyle/careers/feeling-stuck-jobs-homes-gyms-economy-f29e7434
Didn't take any time at all to find this, but probably could have done much better.