Experts say high food prices are here to stay. Here's why
Experts say high food prices are here to stay. Here's why
Some experts say there's really nothing the government can do about high food prices.
This is a terribly written headline and article. Might be AI slop. In short it says:
Historically prices don’t go down unless there is an economic depression (for some reason that isn’t explained).
There is little government policy can do to bring prices down (for reasons that aren’t explained).
trump’s tariff and deportation policies will make prices much higher.
What the average American doesn’t understand is that
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The government only has control over inflation when it comes to prices
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Controlling inflation only controls the RATE of rising prices
Once prices are up, they don’t go down because prices always go up over time in a healthy economy.
Prices would go down if the government was serious about taking on the monopolies in the supply chain (meat packing, industrial farmers, grocers with local monopolies, etc.). If they were serious about antitrust, prices would go down and you wouldn't get a recession, on the contrary, it would create jobs and grow the economy.
Fat chance of that happening under this administration (or an alternate universe Harris one either).
prices always go up over time in a healthy economy
LOL that sounds like a massively over simplified statement. would you care to elaborate?
prices go up, period--that's true, but calling an economy "healthy" because of that is like saying "healthy people eat food"
i think the average american has very little understanding of what money actually is and why inflation is even a thing, rather, they just take it as a fact of life. like school shootings. like "yea, it's not fun, but there's nothing we can do" LOL
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Let's be honest, if you're clicking on headlines that end in "hErE'S WhY", your news sources are all wrong
Prices go down due to competition. So the government can't lower prices, unless it destroys demand so the existing levels of competition cause lower prices. The government can lower demand by raising taxes, or if the fed raises interest rates. Eventually leading to enough unemployment to lower demand.
In short, if the government makes prices go down, people tend to burn down the government before that happens. So it's not really something they can do. Increasing prices is a whole different thing, inflation pisses people off in smaller doses, and keeps them in jobs, so they're too busy to grab pitch forks and torches.
Not so fun facts:
- Food prices arent going down
- Inflation isnt going down either
- The price of everything will skyrocket (Biden will be blamed)
- Wages will remain stagnant in the absolute best case scenario (they will likley go down)
- In order to "reduce" the effects of the above regulations on products will rapidly disappear. Because of that the quality of food will decrease, houses will be made on a lower safety standard, and workplaces will became unsafe. Deregulation will cause a mass explosion in profit, none of it will be seen by the workers.
- The wealthiest will be made extremely wealthy (similar to the gilded age)
- Women, POC, Queer people, disabled people, poor people, and multiple other types of people will suffer
In the next four years the intelligence and strength of American workers will be tested. Do you fall in line or do you break your chains?
Inflation is already down, drastically and has been consistently so for over a year.
Here’s why: CORPORATE GREED
Food prices aren't high; the value of money has fallen - it's called inflation.
The real problem is wages have not increased so the purchasing power of consumers remains low. So food becomes relatively expensive - consumers have had pay cuts.
Wages have increased.
The story on wages is more complex. They have gone up, but have been outpaced by inflation. The pandemic throws a wrench in measuring things, though, and gives both sides of the argument valid data to work with.
https://www.factcheck.org/2024/06/competing-narratives-on-real-wages-incomes-under-biden/