4 ms·

But the rich do control the supply for everyday items. People aren't eating more all of a sudden.

• aeternum 5y ago
  Food spending does increase as income increases: https://www.ers.usda.gov/data-products/chart-gallery/gallery/chart-detail/?chartId=58372 https://www.ers.usda.gov/data-products/chart-gallery/gallery...
  • 4903000 5y ago
    If food spending increases with income, doesn't that mean that rich people's competition over food is proportional to their wealth?
  • dumdumdumdum 5y ago
    This just tells me spending increases. Nothing about absolute consumption. I don't know about others, but I'm consuming about the same amount of milk I was when I was getting $10/hr vs $35/hr. I might buy more "luxury" products (ice cream, organic milk, etc), but I'm certainly not buying more than I was at $10/hr. My caloric intake is about the same. Perhaps, I'm the odd one out. In my case, most of that extra money just went towards rent and a car.