3 ms·
Nowhere in the world spends a lower percentage of income on food than the USA. https://ourworldindata.org/grapher/food-expenditure-share-gdp?country=~USA https
by throwawaysleep 2y ago
Nowhere in the world spends a lower percentage of income on food than the USA.
https://ourworldindata.org/grapher/food-expenditure-share-gdp?country=~USA https://ourworldindata.org/grapher/food-expenditure-share-gd...
So I would argue that other countries, if they want to tame inflation, should allow their smaller inefficient producers to get squeezed.
- seventyone 2y agoThis is true but people will react negatively to this data regardless. The US does have this advantage, but you can also argue that the tradeoff is our food quality is much worse than other western countries.
- myrmidon 2y agoThat graph is misleading at best, especially for the US. If total consumer spending in the US is 50k and in Italy 20k, then it seems rather obvious to me that Americans are gonna spend a smaller fraction of that on food... If you run the numbers, those two countries spend, in fact, almost the same dollar amount on food (3.2k vs 3.5k).
- jjk166 2y agoOr the wealthier a nation is, the less political will exists to go after monopolies.
- Clent 2y agoThis doesn't mean our food is cheaper. It could mean that we have other budget items that are larger than in other countries, such as healthcare costs. We almost spent more on childcare costs than countries further to the right in that graph.