3 ms·
>Electronics and factory farm tomatoes are cheap, and near nobody lacks food or a phone. The price of tomatoes has inflated at a rate of about 3.55% per year,
by drewdevault 3y ago
>Electronics and factory farm tomatoes are cheap, and near nobody lacks food or a phone.
The price of tomatoes has inflated at a rate of about 3.55% per year, up a total of 1,049% since 1953. In that same period, minimum wage rose from $0.75 to $7.25. In 1953, an hour's work would have bought you one tomato with a bit left over, today an hour's work leaves you short. Tomatoes have not become cheaper.
Source: https://www.in2013dollars.com/Tomatoes/price-inflation https://www.in2013dollars.com/Tomatoes/price-inflation
- jojobas 3y agoThe 50s were an anomaly (as was the Great Depression).
- drewdevault 3y agoNo they weren't? Look at the graph in my source. In any case, sure, start in 1965; tomatoes cost $0.85 and minimum wage was $1.25, so your purchasing power was even better by comparison to today.
- jojobas 3y agoTry 20s. Or don't bother with canned tomatoes from your link - things like flour, butter, milk and meat all got cheaper relative to the minimum wage. Fresh tomatoes went from 25-30 cents per pound to 1-2 dollars per pound, i.e. got cheaper too.