Why Food Is Getting More Expensive In The U.S.
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- Опубліковано 26 лип 2024
- The pandemic sent food prices skyrocketing amid a slew of supply chain disruptions, but food costs have been steadily rising over the past five years. The rise in prices can have serious consequences for the most vulnerable Americans. According to the USDA, 13.8 million Americans qualified as food insecure in 2020. Watch the video to find out how much food prices have risen, what's driving the increase and how businesses and policymakers can fix it.
The Biden administration said Wednesday it plans to take “bold action” to enforce antitrust laws aimed at meatpacking companies it says are causing beef, pork, and poultry prices to rise at the grocery store.
Even though beef prices have been rising, farmers and ranchers have been making less money, the White House said.
Climate change, labor issues, transportation concerns and other supply chain disruptions have been contributing to the rising costs over the past several years. The pandemic disruptions then sped up the rate of growth in prices.
These price increases have significant consequences for the most vulnerable Americans. The United States Department of Agriculture reported Wednesday that 13.8 million households were considered food insecure in 2020.
The Biden administration last month increased assistance for the Supplemental Nutrition Assistance Program or SNAP. Previously known as Food Stamps, the benefits were increased by more than 25%.
“It’s a combination of all these factors,” SuperMarketGuru.com editor Phil Lempert said. “It’s very difficult to say what did the pandemic do? What does climate change do? What is transportation do? So we’ve got to lump it all together. And we’ve got to solve them all together.”
0:00 - Introduction
01:31 - Rising costs
03:41 - Climate change
04:44 - Supply chain issues
08:33 - Health impact
11:55 - Solutions
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Why Food Is Getting More Expensive In The U.S.
The term "Food Scarsity" coming from a nation who wasted millions tons of food each month is what I call an irony.
America rather destroy food , than have an abundance. Too much food would drive down the cost.
@@robertsmith1865 We have plenty, its just exponential inflation. Purchasing power of the dollar has been exponentially decreasing for years, aswell as other global currencies other than a handful. Prices of everything imaginable continuing to rise because $ is becoming less and less valuable for people. 10 years ago $10 was awesome because I could grab 2 chicken sandwiches and pay for the 30 mins of gas I use to get there. Now id be lucky if I could just get the 2 chicken sandwiches with the $10 let alone pay for the drive. People aint going back to work because its quite literally not worth it, especially min wage jobs.
Exactly.
… and one third of the nation is morbidly obese!!
@@cmlee58 Gee, I wonder what are they fattening Americans up for? I am a senior citizen and this food taste nothing like it did when I was younger, nor does it smell the same.
In terms of "being smarter" about buying food, what planet are these people on? Who among us on a tight food budget, does not already regularly shop by 'per unit' costs, store brands, frozen alternatives to fresh and buying what's on sale? And they forgot to mention shopping at outlets, food warehouses, farmers markets and other cheaper alternatives to standard grocery stores -if we have access to them. That's where they would find us (if they descended their ivory towers)... comparing labels and doing the math over by the sale shelves.
Farmers markets in Chicago....today.........1 pound potatoes 4$.....1 french baguette 6$......1 pound of wax beans 5$ ......AND now .... at my grocery store.....potatoes 79 cent /pound...or 10 pounds for 2.99 $.....baguette 2.99 $.......Beans 49cents/ pound...,!!!!!!!!!!!!!!!!!.............Where the hek do you live...????????????
@@bogdan78pop Ah yes, the urban/rural divide. I live In a low-income remote rural forested mountainous region, 80 miles from any semi-metro area. I don't doubt that urban farmer's markets are trendy boutiques bent on making rich people feel "in touch with the earth" and charge prices that make the rich feel special because they can afford them. But here, you get good prices on fresh high quality food and if you get to market just before closing you can get some great deals. We barter too because most of us are growing something useful. Our market farmers are mostly living on a shoestring so we're helping each other while building a stronger community. Totally hear you but two different worlds.
@@bogdan78pop You cancelled yourself when you started with Farmers Markets. Those will always be much cheaper.
We also need open code dating so that producers are not selling us dangerous out of date crap.
@FloGlo🌵You are sooo right! About EVERY point you've made!! And chances are if you're over 60·yrs old
you are low income. I'm 80,
went to school in the '50's,
graduated 1960. It truly
amazes me how many people
I meet under 40... who don't
have a grasp of basic 4th/5th grade MATH! It's really
tragic how poorly we have,
and still ARE... educating our
children! They are scrambling so hard to keep
jobs, keep it together, raise their families, that they can't even comprehend or
enjoy the world we live in!!
I have hope, though, that
changes are coming to make
things Better in many ways.
Climate will be worse, but
people's determination
and spirit will be stronger.
Instinctively we will have
to pull together and so...
end this division between us!💖🌴😎🌵🌺Tucson AZ
The stock market is already a wild ride, but now inflation adds another layer of crazy. One minute my portfolio is soaring,the next it's dropping like a rock. Makes it tough to plan for the future when the ground keeps shifting under my feet.
Diversification is your friend! Spread your investments across different asset classes to weather the ups and downs.Consider talking to a financial professional about creating a portfolio balanced for inflationary times.
Hello, how did you handle it? I believe I require a pro after reading these comments
Google Sonya Lee Mitchell and do your own research. She has portfolio management down to a science
I ran an online search on her name and came across her websiite; pretty well educated. thank you for sharing.
Inflation begins when dollars are printed. Printed dollars are a data input to the CPI. The CPI print is the feedback loop from printed dollars. Keynesians have been trying for decades to print dollars to create inflation-used as a signal to show the stimulus is working. Then before inflation gets entrenched, deflate by destroying printed dollars. The problem here is the Fed didn’t remove the dollars it printed to stimulate. So the higher prices are here to stay for a while. The dollar strength is transitory. You will see a weak dollar once those bonds the fed has on its balance sheet become difficult to sell as higher yielding assets will be more desirable to investors.
I lost everything in the last recession and learned from it. I made sure to live below my means and save every possible dollar. I also invested correctly and diversely instead of buying material things, restaurant meals, and expensive vacations. I've been waiting all these years for the next recession so I can capitalize on irresponsible debt. If this video is correct, it will be a very exciting investment shopping spree for me
Consider the economy as one huge engine that produces the life styles that humans live & prosper & create a healthy financially secure future for their families . Corruption, manipulation , creation of unhealthy political policy & diplomatic environments is a recipe for engine failure. People are equally losing money in the financial market in the midst of all these.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire. Personally I hired ‘’Stephanie Priscilla Bonillo’’ a financial advisor who I copy her trades and with a good 7% in ROI monthly.
@@marianparker7502 I wish people can see things from this perspective sooner than later. Things are really going south and everybody is acting cool. How can one reach this advisor?
@@instinctively_awesome8283 Look her up on the web if you need guidance. People do not want to wake up to the reality.
For a while I thought I was going crazy when I noticed the size of food decreasing. I thought it was because I was older, things seemed smaller.
Nope. I was going to buy tortilla chips for a recipe and I swear the bag is 4+ ounces smaller than it used to be and the price is higher.
@@heartwarrior8162 yes! A ton on air for enough chips to fill a child's hand
Exactly a bag of chips was same size but package said 12oz $2.99 when it was 16oz for $2.50.
@@heartwarrior8162 You can buy a pound of masa for a dollar and make your own tortilla chips. I make thin tortillas then crisp them in the oven. That bag lasts for a month for our family. I make masa dumplings, too.
@@erind2261 yyy
Heaven forbid the stockholders or CEOs actually take a pay cut. They never mention that as a 3rd possibility.
for real though.
They actually did 'absorbing costs' but they didn't see that as a sustainable option lol...
let me ask you this...have you seen the politicians even remotely inconvenienced during the pandemic??? ANY ONE OF THEM?? No its always the PEOPLE WHO SUFFER not the politicians.
@@andreaviola8675 America, like most 'empires', wasn't exactly built on the most honest or caring principles, so it shouldn't be surprising to see the moral depravity of your current pool of politicians. Corruption is hereditary.
@@SquizzMe LOL
We need to somehow save the food that stores throw out by having it be bought for a much lower cost or given away to shelters so it doesn't go to waste
Some stores are bringing food to the shelters. Trader Joe’s has. Shelters won’t take a big load of junk food. The international grocery store does but the shelters get picky on items that could expire soon. Two months isn’t enough for them apparently.
I work in the produce department in a supermarket. What we do with any produce that we can't sell is put them into bins behind the store. These bins are then emptied by truck drivers that they take to farms for food for farm animals.
U can't bz the homeless people etc can sue they get sick from near expired foods or foods that can't be sold bz they have expired
@@tonyho5611 Grocery stores have thrown out good food before because they can’t sell the items. It’s not all expired and inedible foods. I’ve worked at a grocery store where truck drivers have thrown out expected shipments thinking it wouldn’t sell as nor name brand or general store brand. I have friends who worked at grocery stores that threw out good food too.
@@xwrtk true
Hell, the US grocery stores throw away perfectly good food everyday... Enough food to feed half our population. But it's not profitable to give it to the impoverished. That needs to change.
lawyers
Just curious...are there rules on the books requiring stores to not donate? I wonder if the threat of a lawsuit over illness from a donated food item is the driving force.
Giving away food and not having a profit motive would destroy the economy.
They can give it away, if they can get people to give it to. Also, If it's being thrown away, that means it something no one will buy.
Meanwhile 50 million people in third world countries starve to death.
Meanwhile government-"Inflation isn't something to be worried of. We can keep printing money"
Current inflation has almost nothing to do with economic stimulus. It’s mostly due to supply chain disruption. It’s a supply side issue, not demand.
owen coleman you’re right, that’s exactly why the should stop the stupid spending
@@Lenny1337i what? Lol
@@Tounguepunchfartbox chicken or the egg? easily money flooding the market causing prices to go up? or the other way around. Your average moron on Robinhood is making 1000% on betting on meme companies. BTC and ETH is up 900% in a year. Lots of money suddenly flooded the market so of course that is going to chase goods.
The U.S will probably be able to get away with it as it kind of makes up the "rules" in the economical sector of the planet. If another country like Finland were to do that it would end badly.
You spent 15 minutes talking about rising food prices and didn't mention the federal reserve once.
they dont wanna get demonitized. Its all about the $ in the end not the. Kick back to the banksters haven't you learned ?
It has nothing to do with federal reserve but physical items used in farming
The government paying farmers to destroy their crops. Creating a issue for their agenda.
*THE FOOD BECAME MORE EXPENSIVE IN U.S BECAUSE BIDEN DEMOCRATS IS THE WORSE IN WORLD HISTORY.*
@@mydestinytosafeall6793 It got higher in June 2020, under Trump, than it is now. Did you even watch the video?
We all need to go back to growing some of our own food in our own yard. Farmers do not receive enough respect and appreciation for all that they do for us all.
More are starting to do just that. We have a small garden in the backyard. If you're a renter, it may depend on whether or not the landlord will let you grow or not.
There's some people that do, but it also depends on where people live/what their infrastructure is/what the climate where they live is, and if they're able to reserve the time and energy to develop the skills for growing plants/food. Someone that works multiple jobs and/or already struggling with a lot in their life might not be able to take the time to grow the food they need (much less afford things like good soil, pots/bedding, etc.)
It's not that it's not enough food, it's just becoming unaffordable.
After a generation of aquiring useless college degrees , and crapping on non degree trades , we have a labor shortage ? We have to pay people fairly to do the jobs beneath us ? Who could have seen this coming ?
Not useless mate. Both have different utilities
College Degrees are by no means useless, but I personally think that people have been brainwashed into believing that a college degree is necessary for success. I’m currently a Senior in high school and there are people in my life who tell me I’ll be a failure for not wanting to go.
@@AlexLikesFloors Become an electrician or civil engineer or plumber, start your own business. DON'T get sucked into the college trap!
Pay fairly to do jobs thats beneath u? So u a white collar or a wanna be white collar worker that feel like u should make 5x more than a blue collar worker...we bust our ass for our keep yall just sit in yall lil cubicle or desk and not break a sweat or lift a finger unless u typing on ur keyboard or phone...Blue collars deserve just as much as yall cuz we work way harder than yall
@@keithwilliams1018 Thank you, partner. It's folks like you that keep the world going. You deserve a lot more respect.
Our food his been artificially deflated for decades. The sad thing is that these higher prices aren't leading to fair pay for farmers. And US minimum wage hasn't budged
YESS THIS^^^
FARMERS don't see that difference in their bank account, it's All the middleman that gets the money. While farmers also have to pay up more now cause of material cost going up but they don't get paid any much more.
@@FATDADDYSACK it’s financialization of food commodities creating the disparity between farmers’ compensation and consumer prices. So much centralized flow in streams of goods has consequences.
@@jfausset Creating profits for those who do not get their fingers dirty, seems to be the objective of our efforts to drive people from farming.
The ModernAg Industry, sells overpriced equipment and seed that Monsanto can regulate.
The efforts to direct profits to the correct people seems more of the incentive for luring folks from the Farm, than the luxuries of big city life......
@@danielhutchinson6604 it's Bayer now not Monsanto. Same beast different name. Also bigger.
@@mikepainter1648 I was handsomly paid for all the work I performed for the Monsanto folks.
I do understand the name change to protect the Guilty.....
I always can tell when they do this. Why not cut on the pretty packaging first? I don't mind a white label with black letters. Do you?
WHO GIVES A FLIP JUST SEND THE DAMN FOOD!!
agreed
All of this sounds like workers should get paid more for their labor and CEOs and executives should get paid less.
Just what you want to hear, rising food prices and wages that haven’t largely changed in several decades.
Coupled with absolutely exploding housing prices, education becoming prohibitively expensive and the minimum level of education needed for even an entry level job these millennials and zoomers really got to pull themselves up by their own bootstraps and stop being so lazy.
@@dareptor2620 Everything goes up but the way to stay the same and the rich get richer and the poor get poor
@@JohnJacobGarza all because joe biden wanted to keep printing money for everyone that doesnt want to work.
Ah. It's your first time. The third world has been experiencing this since ever.
ua-cam.com/video/Ai_7Gr0VVvs/v-deo.html 1
So we aren’t even going to talk about food waste/ & super retailers buying up all the major produce/meat and wasting it ?
Yes, someone needs to bring that up for sure.
Hotels, Restaurants and Cruise ships are throwing away so much food every day that can feed hundreds of thousands if not milion people...
Also stagnant wages. Minimum wage should be around $23 to $25. Why the hell is it still basically under 10.
Nah that'd be pointing out the real problem. They don't want to do that.
Hell, a lot of places that have food waste will go as far as pouring bleach on the food they throw out so the homeless won't eat it, because they're worried about "liability" or something if someone eats food out of their dumpster.
Too much effort (aka no profit) to try to set something up to actually use the excess food I guess.
no, food waste is associated with low food costs not high.
Instead of handing out the food to the needy when it's close to spoiling, they choose to throw it away, and we're paying the price.
maybe they want us to know their status is rich by throwing food away.
They do hand it out to the needy though when they can.
And we arent paying the price
The lesson I'm seeing here is take care of yourself. The gov't isn't going to do it. Learn to grow your own food and preserve things. Discipline yourself.
sure I will grow my own food when I live in a small apartment with no access to a place to plant stuff….. sounds logical
Having a garden is very different than producing enough food to support a human. Our society needs to change
Bingo 🎯
@@sammysoppy3361 It's painfully obvious they're talking about being self sustainable. Whining and acting like a child isn't helping.
Too many highly educated people thinking they can change things without realizing the unintended consequences.
I work at a food pantry and we have so many customers it's crazy,. The amount of customers we had has gone up 10 times compared to pre pandemic levels
America will become Venezuela 2.0
Are y’all prices going up too?
Do you have enough food for all. I've been pretty shocked by how squeezed food pantries have become.
It's the opposite at the food pantry that I help at in Central Illinois our numbers are way down compared to what they were before covid we walk people through the food and let them pick out what they want we have so much meat people can take as much as they want. I don't understand how some food pantries are overwhelmed with people and others have so much stuff that they ask people to let people know about the food pantry. THE amount of food that they get from Midwest food bank is determined by how many people come to the pantry and the numbers are way down
Where is your food pantry located at in Central Illinois our numbers are way down compared to before covid
“… they can’t drive 20 hours straight ..” why this sound like before it is a very dangerous situation for everybody on the the road?
It was common a decade ago. FACT was it dangerous then? Yes. Trump removed a lot of trucker's expenses that they could deduct to get a higher check from taxes. So in the future, make sure you include EVERYTHING relevant to the situation. I doubt that you will...but maybe you will surprise yourself and others -- a Progressive.
@@headishome8452 Ironically if you bought your own Semi and started a business you got to keep all the deductions and got about 20-30k more deductions from passthrough. I went from employee driver to owner operator in 2018 due to the rigged tax on truckers.
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they could hire more drivers/truck like a spare one to get the right amount of workhours...
I driver 20 hrs straight once. That's how I met Jesus.
I saw an old lady faint in the supermarket the other day. At first I thought she was having a stroke or a heart attack. But I think it was the price of boneless chicken breast. 😵😵😵
Grocery prices up about 10-15% just last week.
My cereal went from $5.99 to almost $7…for a box of cereal! It was $4.99 a year ago.
could it be what your buying or store my big box of shredded wheat is $2.98 at Walmart
They say they "drive less" my younger brother quit his job because he nearly got ran into the ground. Rules of how much he could drive didn't concern his employers
Yup they don't care at all ask me how I know lol.
Every boss and company are like that. On paper we care and comply with laws. To you: do a zillion things per hr. But don’t forget to rest!
Glad he drove less and didn't run into am innocent family.
So did your brother work too much or too little? The former is dangerous because you need to be alert and focused when driving a 3500kg truck, while the latter reduces your paycheck
The latest Government regulations did little
to make driving trucks any easier.
The added stress of fitting reality
into some government dictated
dream of what a human can do,
simply makes the job more difficult.....
I still remember a Pound Cake actually weighted a pound and cost $1.99.
This story is a bout food. Pound cake is not food.
@@thomasskadow3983 then what is it? A plant? LMAO 😭😭
ok boomer
@Grace Holiday How is a pound cake junk but spaghetti isn't? Don't discriminate!!! ( I'm just playing 🙂 👍🏾)
@niles stone I’ve never heard of that, but I’m glad I didn’t have an older brother 🤣🤣
None of this is an accident, it’s all planned.
💯
Say oooo
“Let them eat cake” -the elites
I'm already seeing the effects of this in the poorer areas. A lot of regular items are just no longer on shelves for several stores in the same 10-20 mile area.
google food price vs logistics.....it's not that simple...!!!!
@@bogdan78pop, nothing ever is when ppl are involved..
@@ayemiksenoj5254 ...but the increase in price, has more to do with the shipping ...then the price of commodity..!
@@bogdan78pop, I'm not disagreeing with you.
I live in a high poverty area and I can confirm this. I’ve had to drive to multiple grocery stores just to get a a certain ingredient /:
We should be planting staple tree crops like chestnuts in our communities. We need to shift to a tree and perennial based food system that is based locally and is decentralized
yes 100 % this, fruit and nut trees should be planted in all community places possible
Planting potatoes are not perennial, but they can supply everything we need to thrive.
No B12, but that doesn't come directly from meat, dairy or eggs, either. A more varied diet would be healthier, but potatoes could form the basis of a cheap locally grown diet.
@@someguy2135 Annuals should be a part of it but trees actively build soil, create habitat and feed us at the same time. Potatoes only do one of those things. I think that annuals should still be a part of our diets, I just think we need to get more of our calories from trees than we do. Many if not most neighborhoods feature trees anyway, why not make them edible? Chestnuts have a similarly amazing nutritional profile.
The industrial nature of modern AG Industries has driven such a large portion of the population away from the production of food for our neighbors, that Soylint Green seems to have become a viable option.....
Climate change is real cuz more and more people want to live in high standards and good opportunities across the globe like rich countries.we bought all the goodies from poor countries across the globe and later on blame them for climate changes.Majority of rich countries don’t wanna dig it out their goodies from their own countries cuz it will affect them right away ..This is why we kept seeing majority disasters from third world countries from centuries and now it’s changed rapidly and also affecting rich countries too.
I work at a tim hortons in michigan, think of it like canadian starbucks or dunkin donuts. The job doesn't really pay enough for me to think about eating three meals a day, I typically consume around 1200 calories a day. Every night I close I have to throw away more than 10 pounds of food. Sometimes I cry when I do it because id be so hungry. We can't take the food because the company wants us to pay for it so it gets thrown away.
The price of the food has been going up but I honestly think it has more to do with offsetting the costs of throwing away so much food.
It has to do with greed food should be available to all humans
"Passing increased costs to customers" and "Reduce the size of the package (for the same price)" is the same thing.
Yeah but the consumers respond differently to the situations
Yea people. There is simply not enough time in a day for everyone to try and solve all of these problems. This is why they persist! it’s crazy how most people I know are over weight but yet we got a hunger problem. And yet at the same time, corporate gods like aldi Kroger’s, Publix, hyvee, save a lot etc will literally throw away unsold food. Cause what sense does it make to give it away. Soon as they start giving away expired or almost expired food, will somehow make people think all they have to do is wait out the sale by date to get it for free. The system is crumbling right before our eyes.
@@Subjectiveopinion. agreed.
The problem is companies are raising the price AND shrinking the package.
Literally 😂
They say prices have been going down, obviously a lie. I see it my bills every week - so why lie about what can been clearly seen? Is anyone here paying less now than they did 6 months ago??? No???
Nope prices are up. Cereal boxes and bags of chips are half way filled with air. I don't eat meat as much because the cost is too high. I'd rather save and invest.
Not at all.
"The rich have diets
The poor have hunger "
Please most of the poor around here are overweight and borderline diabetic the most excercise they get is waddling out to the mail box to pull the welfare check
These health issues are mainly due to SAD, or Standard American Diet, and is due to the cheap prices of GMO corn and wheat which provide the bulk of low cost, affordable food. Poor buy what they can afford, which is usually laden with inflammatories like preservatives, sugar, syrups, Trans fats, high carbs, low fiber and low vitamins and minerals. Blame government subsidies on these crops and Monsanto agriculture. Organic or non gmo Whole Foods are expensive, cooking is a skill and takes time as well as fresh ingredients. People weren’t meant to eat food like this as honestly, is it even food anymore???
Exercise isn’t going to fix poor diet. You need a wholesome diet for exercise to have beneficial results for most, especially those with metabolic disorders like thyroid disease, diabetes, etc.
It has nothing to do with rich or poor. It has to do with a failure to understand d how markets and money work. This is economics 101. Were you taught social justice instead?
@@brianjohnson6053 define poor
Usually I spend $100-150 per month on food. I cook 90% of my meals and eat healthy most of those meals. Since COVID-19 kicked in, my budget practically doubled for the same food list. I’ve switched to foregoing animal protein and eating one solid meal a day (small snack meal for lunch). When rice costs $4 a box and a bag of potatoes are $6, it changes what the meals are. $10 for 2 items that are usually cheap is alarming.
A problem I can solve for you
It’s solved… just acknowledging how price influxes impact who can eat what and when… If you don’t work; you don’t eat 😂
I disagree with the choice you made about eating less and lowering the quality of food. Now say you have a good job and the costs doubled for the same food list, I would still pay for that because without great health you can't do most jobs accurately. Health is partial wealth and personally I would not sacrifice on. I would sacrifice things I don't need however.
venturing into business like stocks, crypto NFTs is the only way to secure good financial freedom because the rate of high cost of living is is getting worst everyday
Investing in crypto is not as difficult most people say, I've been in crypto for the past 4 years now
@Reyansh Singh The fact is starting early is the very best to get a good solid ground in everything we do in life, investing still remains the goal and the major priority
@Michelle
Hernandez I'm new to cryptocurrency trading and I've been making huge losses but recently i see a lot of people earning from it. Please can someone tell me what to do? 😞😞
@Gerald Bruce All you need now is a professional trader else you will continue making losses.
@@billywescott6255 Crypto and Forex trading is the easiest way to get out of poverty if you know your way around it.
So let me get this, poor get government help, the rich have more now and can afford anything, well we will just screw the lower middle class with higher cost of food. Sounds legit, screw the middle class who needs them anyways.
It’s true too, you would believe how much money people have in their food stamp cards, quad digits most of the time
Republicans focus on ultra rich while democrats focus on dirt poor coz both can be manipulated for votes. Middle class they busy with work and dont have time for political discussion and rarely vote. No one looks at us.
@@sumitshresth I mean this is totally the wrong way to look at things, no one should be going hungry here in the USA its ludicrous especially considering how much food is wasted. One thing we could do is have companies donate food that don't use instead of just throwing it away. So much great produce gets thrown away just because its not picture perfect.
At least in San Diego, Ca the local Food Bank recognizes that the "food insufficient" is affecting more than just the poor and set up drive through pickups even in moderate to high income neighborhoods. At least in California, even if you live in a good neighborhood you might not have access to cash for daily food requirements, even if your house might be worth more you can't eat the equity!
HEY! they increased food stamps by 25%. America tAkEs CaRe Of It'S oWn!
Why do you divest into discussing inequality for most part of second half of this video rather than properly deep diving into the subject: "Why the prices are increasing" thats your central question, not inequality...yes that discussion is necessary but not under this title!! You did justice to neither ...
cause NBC is a part of mass media brainwashing...do you really think climate change played significant role in price of food???
A more efficient food manufacturing environment will create a race to the bottom. Focusing on localized food production is key to addressing food insecurity.
Lies again? Some people bought lots of food but they don't want to pay electricity and water bills
If food prices go up and up, we will die because food is good for us
This whole situation has gotten me to learn about growing food, and turning it into practice. People need to be taught how to grow foods!
Yea, so true hey! Instead they talk about the need to get smarter & use artificial inteligence to reduce input costs.. basically think of ways for those rich corporations to stay rich. Instead, the real way to combat this issue, should rather be back yard farming.
During the last Economic Depression in 1929,
more people were aware of the ability to grow food.
More people were working on farms then.
This go-round promises to be a lot different....
What if you live in a place where you can't do that?
@@joannschlicker6995 how bout containers
@@Bodezefah Do you know how many acres it takes to feed 1 person? LOL
Remember last year many farmers destroying their crops with a reason "pandemic lower the crop demand" so they plant less this year and make the price high. Same as automotive company that hold their chip order last year and now they have nothing to sell when the car demand back again.
They use the money coming in to buy for the next season. Less money in means less product out at the end of the next season.
Idc what anyone says, seeing farmers purposely destroy food/ milk just because it wasn't financially beneficial is a UNGODLY.
Ever thought this might be partial truth and refined propaganda? 10:02 "purely because of racism"? So it starts with climate change, then "purely because racism", and then if you freeze at 10:20, the figure shows the black and latino household food insufficiency rates are actually following the same trend, contradicting the audio interpretation. What's happening here?
It shows black and Latino is higher, between 10-12% while white and Asian are less than 5%. And Latino is trending upwards.
"Purely because of racism is at 10:32, and only describes this graph. Climate change describes the supply problem, not this graph.
Hire gas prices and higher taxes. Means everything goes up cost wise. It's not global warming.
"If they can't drive 20h and need to do a break every 8h they will make less money"
To this my answer would be. "Would you go with your familycar and family inside on the highway with a sleepy 20t truck almost asleep next to you?
Trucks will be partly and then fully automated soon.
@@segasys1339 impossible because there are mountains and they can loose service. Thats gonna be an issue and technical issues have to be delt with.
@@freeflowbeats not true. There are a lot of easy routs in the us that automated trucks can go on and then they get driven by humans in city centres. And no you don’t loose anything in the mountains once there is enough satellite coverage which is increasing dramatically
@@freeflowbeats Sure, there are many difficult challenges, but the payoff is huge., so it's only a matter of time. Even if we just get get trucks that can drive intercity overnight in good weather while the driver sleeps, it'll be a gamechanger.
Car makers can't even do it, but somehow trucks will have it... ok
Nyc food prices are too expensive.. I'm seriously thinking of moving.. taxes, rent, utilities almost everything going up. Burger now cost $11 wth.. fast food is now a luxury
They want you gone. Only the rich should be there. They haven’t realized that no one will be left to wait on them when it happens
@@ProctorsGamble its expensive as wealthy people keeping buying off the affordable housing.. and nyc not building more apts
@@ProctorsGamble Thats what work camps will be for. You will see.
$11 for a burger would be a deal where I live. One restaurant I used to frequent is about $19-20 depending on toppings.
buy a burger combo here in LA was $14 a month ago, now probably $20.
BIDENS' AMERICA: Did you get what you voted for??
I done surveys as a hobby for years, hundreds upon hundreds of survey's. The most brought up topic, what are you willing to pay?, What amount makes you recoil?. Some surveys I was able to see the results I was stunned by the amount of people that did not care if they raise prices stating it was justifiable for business. A year or so later Amazon which was raising prices by a dollar or two started asking for twenty five dollars a shot, then the rest followed suit. You give them an inch they are going to take everything.
How about ... stop subsidizing grain crops for processed food (corn, wheat, soy, rice) and start subsidizing healthy food (fruits and vegetables).
Carbohydrates are way more efficient in terms of energy value. If you want to feed better/more people you need to produce more calories, not less.
That means more expensive meat, and people won't like that. I personally don't mind having meat just sometimes, but many Americans can't go without a meat-based dish served often.
i had been in restaurant business over 20years, this is the worst inflation i had ever encounter. the cost of product raised over 30-50%, labor cost also raised over 30%. but just like all the business out there right now, the company is struggling to keep the minimal price increase. we will see a increasing price on all product over a year or two when business cant absorb the inflation. and here the video didnt mention a word on inflation, and the extra PRINTED paper
Its not the printed paper that is the problem, its the digital USD that has been "printed" by the large banks. Did you know only 3% of ALL usd is even printed, and for every $1 physical note that exists, there are $33.34 of digital usd. (1 : 33.34 ratio) . If youd like a documentary or 2 explaining just how this was allowed to happen, and how people didnt see it sooner, then I can reply with those. Sums up how the LARGE majority of USD is actually created by the large banks and not the federal reserve. The federal reserve creates and prints ALL physical notes, but since thats only 3% of USD its not even really effecting inflation at all compared to where the other 97% is coming from. In my personal opinion, based off socially how inflation is continuing to become more alarming. I think the federal reserve is only printing SOOO much now because people are losing faith or are worried and so are withdrawing funds from their banks, and due to the (1 : 33.34 ratio) of physical to digital their isnt NEARLY enough printed USD to reflect the digital USD. What I think we are seeing is a last ditch effort to try and stop the "run on the banks" and trying to print as much as people are trying to withdraw. But 3% is a too low starting point to only try and reflect the other 97% physically, and depsite their efforts I think soon at somepoint people will start being told "Sorry, we dont have any physical notes for you rn" and once that starts happening then its over.
Mentions climate change several times.
@@Jay-gi7np when i say PRINTED paper it does not literality mean printed,
CNBC is a mouthpiece for Democrats. Of course they didn't mention it.
Democrats doing democrat things. They never mention the problems Jo Biden and Obama created. Throwing $3Trillion into the system will just cause inflation.
We live in a world where food prices are rising and phones and technology are lowering.
Such a sad world :(
Forbidding truck drivers to overwork and becoming a danger to the others and themselves on the highway is not what I would call a "un-resolved issue".....
This will never change in the US. There is no desire from the owner classes to trickle the money back down again to help those less fortunate.
ua-cam.com/video/Ai_7Gr0VVvs/v-deo.html 1
Yup...and when did a tax cut for the rich and big corp ever create a job...I think we can throw Trickle Down Economics under the bus already...thx Ronald Reagan...lol
Greed
What will never change?
@@benthroolin18602018
And Reagan never propsed anything called trickle down economics
When inflation isn't mentioned, I know this video is a joke.
My dude, if this was simple inflation there wouldn't be a video about it.
It's climate change!! Climate change!!
@@soxras9430 its literal propoganda to cover the oppressive monetary and fiscal policy the government has been running!
This is climate change NGO ads
Greenpeace want all people donate their money to fight climate change even climate change already exist before industrial revolution
@@soxras9430 Why not?
Sure.. we'll just ignore the government paying farmers to THROW AWAY FOOD. Then defunding farms so they default on their loans if they don't comply.
That wouldn't have anything to do with it at all....
STAND UP AS A NATION AND BE STRONG TOGETHER 💪
Should also talk about how 70% of Americans need to eat half as much as they do now
Don't work like that
@@jermainec2462 why not?
I stopped eating processed sugar and I feel less hungry.
not one mention of fed money printing.
Wouldn't fit the agenda of the MSM.
It’s climate control sir lol 😂 ((not really 🤫))
Cash transactions are less than a quarter of payments. Don’t think it is that.
@@ProctorsGamble woooooosh!
Apparently minting all that money put out a lot of CO2 (climate change), took away a lot of the available truck driver capacity (trucker shortage), and since US currency is not rainbow colored it's systemic racism (food access inequality). Thankfully the CNBC editors aren't allowed anywhere near a particle collider or a water plant (Homer Simpson level of DOH!)
Once the prices go up they never go back down either.
Animal products cost more to make yet are extremely subsidized by the government. It’s time that stops and those subsides are used for healthy foods like fruits and vegetables and animal products can be priced at what they truly cost.
why do i even watch this
Everything is more expensive and wages stay the same for decades
Thank you so much for this video. Super helpful and well-presented. Your time and effort is most appreciated!
Do a study on the level of obesity with people on SNAP.
I blame them mukbang channels.
And I sometimes wonder how Nicocado Avocado is still alive...
😂
lol
Lol
LOL!!!
I lived in Georgia in 2016. I used to get close to $300 in SNAP in a SNAP card. It can only be used at participating grocery stores and to buy raw food.
Yes. Healthy food you need to cook. It's a pain but it helps.
are you still poor?
@@juanshaftpatel7488 bro in nyc half the population has snap and they aren’t poor by any means. No one supervises who can get these
No it's not hard to get snap. It also helps farmers and sell food that a lot of time just gets spoiled.
@@juanshaftpatel7488 not poor anymore but priviledged.
This is absolute baloney. The prices have skyrocketed on many things in the past few months.
CNBC, Thanks for subtitles.
It's useful for understanding and learning.
How the hell can these companies not absorb the costs when their CEOs salaries are just astronomical? How about capping their salaries to absorb the “extra costs”?
Exactly what I am thinking. Nobody should be making more than the next guy. It should all be the same thing and compete in the market. Us average Joes have to do the same thing and these companies should be subjected to the same thing.
@@KRYMauL if company can't afford it then fine go ahead with those options. but there's no excuse as to why someone else is making more off of someone else's labor.
You don’t understand economics
Have you actually looked at the salaries of these CEO's? These aren't financial firm guys who make billions. Cargill CEO gets $5mil, Sysco VP of food Service Operations (cuz overall they do more than just food) gets $3mil, Tyson foods CEO gets $6mil (these figures reflect total compensation of salary, bonuses, etc). Good money for sure but we're not talking Bezos/Musk. These companies have a gross revenue stream in the 10's-100's of BILLIONS. In other words, the CEO's aren't capable of cutting prices and paying through their own salary decrease. A 1% decrease in revenue is orders of magnitude greater than their income. "Greedy Billionaires" isn't the answer here.
Salary of CEO vs cost are in different order... If reducing the salary of a CEO can compensate the increase of cost. The company might as well just fire the CEO to cut the cost.
"Inflation is always and everywhere a monetary phenomenon..." - Milton Friedman
jortizz deflation laughs in Japanese.
Economy is a subjective term, even Economists fear the end of their reign......
Corporate greed and commodity speculation?
People feel ashamed of buying frozen vegetables? I don’t know that!
If I dont have food I'm going to go out and take some. If they catch me, they will put me in a place where I get fed. That's a win win.
In WWII British had food shortages because of Germans sinking ships that supplied food , so British promoted idea to people to grow their own food .
Well..it means we have to possess farmlands and grow veggies?😂
@@jathebest2835 You can grow potatoes , tomatoes , pickles , salad and some other vegetables in flower pots .
As some who had grown my self I can tell you that you don't need to own land for this .
@@jathebest2835 Community gardens. There's probably one in your neighborhood.
The british are renewing that homegrown food experience, thx to brexit this time.
They kicked out all the foreign lory drivers and people helping harvesting.
So now they cant grow therir own food and rely on imports. But they cant import due to the lory driver shortage.
@@jathebest2835 yes you can grow food in the house hun
Inflation!!! Inflation!!!! Inflation!!!! Stop saying climate control. Cars are expensive, houses is expensive & food .
This is what happens when the government pays the frontline labour force to sit at home for a year and a half?
👍💯
Who on the front lines sat at home? Waitresses when their restaurants closed maybe. But food, delivery and healthcare workers all went into work. With suboptimal protection. We got covid because of it, but no one could quit bc otherwise we'd lose our income, while other white collar workers actually sat at home and continued to make money.
I don’t support restaurants that overcharge for basic menu items.
It wasn’t that long ago that ground beef was 99¢ lb at some store at any time
How long ago are we talking here because its been like 20 years since I seen it that low which 20 years is a long time in my book
@@dennisp8520 shows you how much the dollar has lost its value to purchase things. That is a huge currency value loss in just 20years
meat destroys our environment ...go easy
Yeah example of this catering truck that I love to eat a couple of months ago the burritos went from eight dollars to nine dollars and now the burrito is $10 so my burrito is gone up from eight dollars to $10 in the past four months Ridiculous
#SaveTheBurrito
Hard to save the burrito when prices are just getting out of control , I understand the cost increase but this is ridiculous two dollar hike four months 👎
Thank Biden
If you think you can do it for cheaper go ahead and try. :)
Printing trillions of dollars which you do not have will creative inflations.
WE DID IT JOE!
This started in the 70s when the corporation government started systematically shutting down and senselessly regulating small farms out of existence. Every time someone tries to start a small farm you can rest assured county, state, USDA, corporations even police will be there to shut them down.
10:20 almost positive that cut was taken out of context.
correct. Hell those "victims" of racism are the fattest in the world.
Had to be, ain't no way food becomes expensive and that determines racism 😂
Bad food, makes people fat in the US. That bad, fatty food is the cheapest. So being food poor and fat is contraintuitiv, but it is the same thing.
I turned the video off after this comment. She threw all expertise out of the window.
Why the he'll did she just try to justify having poor eating habits as it being a racism issue. 😕 if you know better you do better we have to learn to educate ourselves on healthy eating. To be honest people have to buy what they can afford these days I know I struggled for real. yes it is usually the unhealthy things that lead to underlying health issues later in life. God bless
Tower gardens using aeroponics are necessary. Each person can save a massive amount of money by growing their own vegetables using very little water and electricity.
More food is wasted than consumed
Exactly how is it racist? That lady makes a claim but doesn’t explain the mechanism behind it.
Black farm ownership has decreased by 99% since 1982
@@charliejohanssen7421 still not a mechanism of racism.
LOL climate change ? You mean inflation 😂
It's the dang climate inflation!
Pull yourself out of your bubble and do some research on the agriculture industries in other countries. How are Central and South America's crops faring these days? You think our fiscal policy has anything to do with that?
“Probably the number one reason has to do with climate change”, um no, number one reason is the Federal Reserve and government increasing the supply of dollars by three fold, triple the money supply in two years and prices go up.
Potato chips. There's almost nothing in that air-inflated bag anymore.
We must learn to have@ home gardens! 🌿
For cattle farmers, we've been paid the same for the past 3 years while the cost of everything goes up. It's the Packers that are making the money.
They're the vulnerable part cuz have to necessarily sell at a certain moment and buyers/slaughters/packers put the price as they r few. Then retailers can pay whatever these houses ask for
Price of beef for the Famer has remained stagnant far longer than 3 years.
Same with wood. The sawmills im the middle absorb the pricesurge.
God bless you my friend!
No one should be driving 20 hours straight.
Public assistance snap still denies families in need. Such as myself. How can this be with all that’s going on now ?!?!?! I barely eat just so my kids can eat!!!! Food stamps should be given to us automatically since this all started.
Glad I have the my amex card that gives 6% back on groceries. That should cover inflation for a while 🙌
as long as you have a big family and buying your grocery in supermarkets that accept the card. You need to buy about $1600 before profiting from that cashback. If you manage to buy 6k worth of groceries in the year, you would make about 4.4% after fees which is what the current inflation rate is now as of September.
@@musabbir1 yes! We’re around $500/mo which makes the most of the 6% back and the annual fee is more than compensated for
Thank you for sharing this!
Mine does triple points on groceries, double points at gas stations and 50% more overall points for a certain number of transactions per month.
For like the past year lol
Why on earth would you have kids if can't even feed them?
Just because they think they are food deficient doesn’t mean they don’t have enough food. Fat folks never have enough food.
Maybe they didn't want kids maybe they could afford kids but lost their job. It really helps using your brain
@@lorissupportguides A person should take into account a case of a recession/job loss before having kids. Unless he wants others to feed his kids.
@@ok373737 that's what society is for help others in need. I know the 3rd world country USA sees things different but that's why is European always make fun of your degenerated culture of self obsession
Texas is going to be crawling with unwanted babies who can't be fed in the near future, unless things change.
Plant fruit trees, veggies and herbs. Local cities need to allow chickens and roosters.
"Why Food Is Getting More Expensive In The U.S." as if it's not ever since we were born. bruh
I think the USA 🇺🇸 has other bigger problems than rising food prices. Medicine 💊 prices in the past have increased as much as 1000% or x10 which is just absurd.
Many people are on medicine BECAUSE they eat like crap. I am pre diabetic because I eat like crap. Food is more important. Making fruits and veggies cheaper is even more important.
@@jasonvoorhees7288 the foods that's actually good for you is so high. It's almost as if there's money in keeping you sick.
If you print too much money, it devalues, and prices increase. It's that simple.
Price increase = printing money
There goes my pay raise at work