return2ozma@lemmy.world to News@lemmy.world · 5 days agoExperts say high food prices are here to stay. Here's whywww.cnbc.comexternal-linkmessage-square39fedilinkarrow-up1110arrow-down121cross-posted to: aboringdystopia@lemmy.worldeconomy@lemmy.world
arrow-up189arrow-down1external-linkExperts say high food prices are here to stay. Here's whywww.cnbc.comreturn2ozma@lemmy.world to News@lemmy.world · 5 days agomessage-square39fedilinkcross-posted to: aboringdystopia@lemmy.worldeconomy@lemmy.world
minus-squareBananaTrifleViolin@lemmy.worldlinkfedilinkEnglisharrow-up20arrow-down8·5 days agoFood 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.
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.