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Based on food prices and the % of world income spent on food amongst the lowest income quartiles, another 10x or 100x would noticeably improve the lives of a la
by mgraczyk 5y ago
Based on food prices and the % of world income spent on food amongst the lowest income quartiles, another 10x or 100x would noticeably improve the lives of a large number of people.
Part of this is an uneven global distribution of productivity gains, but even in developed countries there is plenty of room for innovation to stabilize prices and prevent shocks.
For a comparison across countries, see figure 6 in
https://www.fb.org/market-intel/u.s.-food-expenditures-at-home-and-abroad https://www.fb.org/market-intel/u.s.-food-expenditures-at-ho...