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That's exactly right, it's because the dollar is collapsing in real value. I dare you to spec out the price of a basket of 10 to 15 commodities from a decade a
by shingen 15y ago
That's exactly right, it's because the dollar is collapsing in real value.
I dare you to spec out the price of a basket of 10 to 15 commodities from a decade ago compared to where they're at now.
- herge 15y agoBut what about labour prices? Why have they not shot up?
- onemoreact 15y agoAnd I dare you to compare the cost of a big mac from 3 years ago vs today in comparison to gold.
- kyrsey 15y agoMcDonald's won't take my gold flakes, and anyway I don't think a 3-year-old big mac will be edible...
- woobar 15y agoI don't have prices at hand. But a look at my Quicken database revealed that my total food-related expenses (groceries, school lunches, dining out, etc) were: 2001 $12K (family of three) 2011 $17K (family of five) I was surprised when I compared these two numbers first time. Gut feeling was that food prices went up a lot. Housing costs: 2001 $10800 (aparment, rent) 2011 $14800 (house, PITI) Edit: formatting
- Yen 15y agodoesn't the size of the family almost completely account for the difference in price? say you do a simple, stupid analysis - 12k / 3 = $4k/person/year, which is greater than 17k/5 =$3.4k/person/year of course, that's not entirely fair, since children eat less than adults, right? if you ballpark daily caloric intake, the family of 3 eats (2500+2000+1000)365 calories a year, for 4.4 cents/Cal. The family of 5 maybe eats (2200 + 1800 + 1800+1600+1000) 365, for 5.5 cents a Cal (I'm assuming the aging adults moderate their diet for their decreased metabolism) yes, that's a 20% increase, but given other factors (possibly more dining out, errors in the ballparking, etc.), it's really not a huge jump in food prices.