Agricultural productive capacity hasn't changed that much in the past 25 years. Looking at the longer term, food prices have dropped enormously. At the beginning of the 20th century, the average American household budget was 40+% food. Today it's around 10%.
>the average American household budget was 40+% food. Today it's around 10%.
Does that mean food prices have dropped enormously or could it be that families have to spend more money on eg. rent, gas, and health? Adjusting for inflation, the price of milk have only decreased 1.1%[1]
Your link only shows back to 1995, whereas the figures you quoted are about 1901. Even using your link and 1995, milk prices dropped 15% over that period, not 1.1%.
Yes of course you can buy cheap and bad quality milk but you should strive to buy good product. Same goes for meat. If you do not invest in yourself then you are wasting money
Well, people say milk used to taste better and forget that getting bacterial infections from milk was very common. Infections from milk and bread were a significant cause of death.
True, the situation that changing government relations (international relations, tarrifs, boycotts, taxes, ...) are the biggest factor in the economy is nothing new anymore.
