“It led to only the most modest of price increases — barely noticeable to a consumer”
Barely noticeable if you take one study. 12% on another / or live in CA and see it. Between inflation and this hike i for one prep food bought at bulk stores since 2024. Amazing to me people pay that to eat crap chain food.
There are way more factors at play here rather than a simple wage hike. The war in Ukraine caused a global shortage of wheat and a few other staple crops and fertilizer. The oil embargo on Russia also caused gas prices to climb even further.
Climate change has also quietly eroded some of the world’s farmland causing a bit more food scarcity. Japan for instance recently couldn’t produce enough rice to feed everyone which caused it to import it for the first time in a long while. I got to see this first hand with some ramen shops no longer being seen as “affordable” due to their bowls climbing above 1000 yen.
In the US we had the bird flu wiping out a huge amount of eggs and chicken, there was even a time when I’d see a 1 dollar surcharge on my local restaurant for any dish that uses them. The consolidation of the restaurant wholesale food market by Sysco and US Foods is also creating a chokehold on their prices. Trump’s fiscal and international trade policies have wrecked a lot of the economy causing huge spikes in inflation too. Besides that we have plain old corporate greed with them taking advantage of all this as a smokescreen to crank up the cost of their food.
yeah that inflation was before the wage hike and you stopped back then. So did my wife and I although much earlier and we don’t live in cali. I never realized how much the cheap in fast food effected my consuming of it. Once buck things became a thing of the past that was pretty much it. Same actually with lottery tickets. would throw down a buck every so often just to give a basis to fantasize but two or three bucks. Forget it. Pretty sure it will be a fiver soon.
Damn I knew there was a reason I never play the lottery anymore. I used to throw down a buck for the dream once in a while when the payoff got big enough, but even dreams have been hit by inflation so they’re no longer affordable
I never thought of it that way but yeah. Its kinda funny to because inflation makes things more expensive so mayb relative wise its not so much more but you need to be that much more careful with lower amounts because you basically don’t have discretional spending dough.
“It led to only the most modest of price increases — barely noticeable to a consumer”
Barely noticeable if you take one study. 12% on another / or live in CA and see it. Between inflation and this hike i for one prep food bought at bulk stores since 2024. Amazing to me people pay that to eat crap chain food.
I imagine prices have gone up at least 12% here as well, depending on what timeframe, and minimum wage hasn’t changed
There are way more factors at play here rather than a simple wage hike. The war in Ukraine caused a global shortage of wheat and a few other staple crops and fertilizer. The oil embargo on Russia also caused gas prices to climb even further.
Climate change has also quietly eroded some of the world’s farmland causing a bit more food scarcity. Japan for instance recently couldn’t produce enough rice to feed everyone which caused it to import it for the first time in a long while. I got to see this first hand with some ramen shops no longer being seen as “affordable” due to their bowls climbing above 1000 yen.
In the US we had the bird flu wiping out a huge amount of eggs and chicken, there was even a time when I’d see a 1 dollar surcharge on my local restaurant for any dish that uses them. The consolidation of the restaurant wholesale food market by Sysco and US Foods is also creating a chokehold on their prices. Trump’s fiscal and international trade policies have wrecked a lot of the economy causing huge spikes in inflation too. Besides that we have plain old corporate greed with them taking advantage of all this as a smokescreen to crank up the cost of their food.
So, it really was Biden.
/s
yeah that inflation was before the wage hike and you stopped back then. So did my wife and I although much earlier and we don’t live in cali. I never realized how much the cheap in fast food effected my consuming of it. Once buck things became a thing of the past that was pretty much it. Same actually with lottery tickets. would throw down a buck every so often just to give a basis to fantasize but two or three bucks. Forget it. Pretty sure it will be a fiver soon.
Damn I knew there was a reason I never play the lottery anymore. I used to throw down a buck for the dream once in a while when the payoff got big enough, but even dreams have been hit by inflation so they’re no longer affordable
I never thought of it that way but yeah. Its kinda funny to because inflation makes things more expensive so mayb relative wise its not so much more but you need to be that much more careful with lower amounts because you basically don’t have discretional spending dough.