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Old 15-10-2021, 10:03   #16
tweetiepooh
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Re: Rising cost of living

I remember reading a few years ago that



decades back the average family spent 25-30% of income on food
now that figure is around 10%


Indicating how costs of basics had reduced greatly leaving more money for luxuries, or savings.


The chicken article was commenting that the price of a chicken had over the last years dropped from 5 to around 3.50 (not going to bother to reread). To get back up to 5.00 would be a huge percentage rise. (I like to get chuckies from the farmer's market, cost somewhat more than 5.00 but are very nice.)


I don't like price rises any more than anyone else but as costs increase so will prices. That will lead to wage increases -> cost increases and upward it spirals.


Problem is that those who could weather a wage freeze (or even cut) are likely to be the most vocal about maintaining wage rises.
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