Why Do Groceries Cost So Much? | CNBC Marathon
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- čas přidán 20. 05. 2024
- From food fraud to the rising cost of eggs, CNBC Marathon explores why food prices are soaring in the U.S.
The food in your kitchen cabinets may not be what it seems. Fraudsters motivated by economic gain secretly infiltrate the global food market through a variety of means, including counterfeits, dilutions, substitution and mislabeling, according to the Global Food Safety Initiative. This may not only harm consumers’ wallets, but it can also put public health and safety at risk.
Consumers paid $4.30 on average in December 2022 for a dozen eggs compared to $1.80 in 2021. There are 373 million laying hens around the United States as of January 2023, according to the United States Department of Agriculture (USDA). After hens lay eggs at a farm, they get graded by the USDA and put into cartons, sold to retailers, and then purchased by you, the consumer. Eggs are an about $10 billion industry with nearly 13% growth annually in profit from 2017 to 2022, according to IBISWorld. But it’s a volatile one that is sensitive to market changes or environmental factors. It's also an industry with its fair share of controversy.
The organic food industry is also a booming business. U.S. organic sales surged in 2020, jumping by 12.4% to $61.9 billion. With consumers being more health conscious than ever, they’re willing to pay more for what they perceive as better. But, what exactly does “organic” mean?
Chapters:
00:00 - Introduction
00:36 - How Americans Are Tricked Into Buying Fake Food (Published January 2023)
13:24 - Who Makes Money From Eggs (Published February 2023)
26:17 - Is Organic Food Really Worth It? (Published September 2021)
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Why Do Groceries Cost So Much? | CNBC Marathon
Thanks CNBC for putting three old videos together and giving it a new title that has little related to the actual title of why groceries cost so much.
Big Media.
lol so true 😅
Though it's a trickery, it's always useful to refresh your memory.
Not that old - they are talking about Pandemic and Ukraine 🤷 And it's marathon which means compilation of previously made and shown mostly
I bet they even used AI to stitch these clips together
It’s amazing how I pay taxes for the government not to properly regulate anything
I used to be confused why so many Americans were anti tax, now I understand.
You pay tax money to vote for Republicans who is pro business to pass laws and mandates within Organizations like FDA to lower the standard to ultimately help big businesses make money. So know before you vote.
A-fucking-men
That's just the thing , Its fraud all the way down, buddy.
dont pay them then
I love living in the Caribbean, we still plant our own foods and sell in the local markets. Everyone, need to have the personal gardens at home, to reduce the fake foods being purchased.
Great suggestions but who are you telling to have plant our own food? Having a home aint easy these days and it’s even impossible to get a home loan!
My city has a community garden, which is nice. We all get together in the local park and we have grow beds with vegetables we planted. Open one in your area !!
@@sanaatouzani3085not impossible it's the Liberals that caused this FJB
@@sanaatouzani3085come on now… I used to live in an apartment and was urban farming on my fire escape and in my house with vertical plants. Excuses excuses…
@@sanaatouzani3085 we need more community gardens.
Grocery shopping is actually one of my favorite pastimes. But, more recently, it’s become sort of a hassle. Trying to figure out what to buy and what to put back, simply because I cannot afford it. It’s sad.
I make $20 an hour and still can't afford groceries. I haven't done normal grocery shopping in more than 5 years. I am a line cook and all most all of my food comes free from work. If I shop, I buy chicken breast, fish and buns and eat sandwiches at home. Eggs and toast, chicken, fish, bread and cheese are pretty much my only staples at home these days.
I hope it changes.. and we all have no stress and are able to get what is needed..
Same. I used to love grocery shopping but now its a nightmare
Same as in Japan .Patience, patience, that's what I need.
Are there SLAVE LABOR I'm these farms and food production facilities?
They trying to hide the price increases by making the portion smaller!
Just dont eat that much!
For real, I go to Costco for normal size stuff as everything at the local grocery store is made for ants. Derek zoolanders grocery store for ants
Shrinkflation😢❤
@@brunoheggli2888 If I'm going to eat less of it, I want to pay for less of it. That's the point; you're paying for something you're not getting. I agree with you in general; people eat too much.
@@user-wh5ir4fo4rThey eat to much convinient food to!Prossest food is unhealty and overpriced!
Like 5 companies own everything and can charge whatever they want
Liars burn in hell with their intestines exposed
thats why monopolies are so bad...because they stop caring because they know u cant go anywhere else. people need to take back the power in their own hands
Yup. Rich gotta rich. Poor gotta serve. It is what it is. Masters and slaves.
It's true like do people even realize how much of our food supply is controlled by Monsanto?
@@kgal1298 shut up
To be honest, I live in New Zealand, and when I see any produce labeled as USA import, I tend to steer clear. The level of fraud and corruption under the banner of "lobbying" has made very me skeptical about USA labels claiming organic etc., and profit always wins over people in a capitalist society.
The food in the USA is poison.
buy it, if it is comparable in price. you should be worried about food coming out of places like China, where it actually is dangerous for your health.
how pure of you (sarcasm)
@@stephenc2481 chemicals made to create Mountain Dew are illegal in Europe. What was that you were saying about the poison in USA manufactured foods?
Not true! American 🇺🇸 products are of excellent quality. America is the inventor of most of the popular products consumed worldwide. If you are in New Zealand and buying organic products from US that's a problem 1. Distance 2. America 🇺🇸 makes it possible for you to import ot the other way around. America is the last frontier for New Zealand. It has to be good. This documentary is about local small temporary profit only businesses They exist just to make profit until caught.
Support our local farmers in counties, cities and states. 💯🇺🇸👏🏼
exactly. support your community first, probably you gonna be eating healthier
I agree grow what you can and get the rest from farmers. Go to the farm if your buying fresh. U picks are wonderful 😊
This only works for a slim portion of the population lol 80% of the midwest grows corn you can't even consume and the rest of everything else comes from places like California florida etc
@@jorgenoname6062okay so how is it that this midwesterner is able to buy everything I need from bison meat to organic veggies, even bread made from perennial, whole grains at my local farmers markets? There are hundreds maybe even thousands of organic operations in just the Midwest alone. You’re very misinformed or just plain ignorant. If people really care about where their food comes from, there are SO many options out there. The problem is folks don’t like anything that’s inconvenient and getting seasonal products sourced directly from a local farmer is just a tad more inconvenient then buying from a big box retailer. That’s the issue.
There are small ranches and farms everywhere... seek and ye shall find.
I had family members that worked in grocery stores for over 20 years. Do you know how much food gets thrown away in the back rooms of grocery stores because they either priced the meat too high nobody bought it or the fruit. Over 40% of the food that is produced in the United States is wasted. But yet us as taxpayers and consumers pay for it. We would see hundreds of pounds a week of meat thrown away in local grocery stores every week. Because it was about the almighty dollar they had the price so high nobody wanted to pay for that price of that meat. The grocery stores are ripping us off daily all across this nation. It’s about time somebody puts an end to it
I work in the grocery business I alone am maid to toss tons of food out
The food should be donated right before it goes bad if no one is buying to public schools, homeless shelters and senior centers. The grocery stores could get tax breaks from the government for donating food that’s about to go bad. There is a lot of food waste in our system.
My mom visited me from Eastern Europe and was surprised that about to be expired food is not sold at discount but trown away. Makes you wonder which country is more developed.
I understand what you are saying, but considering how much food that is stocked in any US store, there is bound to be food that is not eaten & this food should be donated, but it is not, and why is it not, because of the rules and food safety regulations put in place by the FDA. Although hunger among the homeless, low income is prevalent.
On a different note, for those who can afford food (or should I say the crap that is sold as food), obesity has become a huge problem in this country, and believe me, people are paying the price for it, whether it is at the supermarket or at the doctor's office.
Ms. B. Churchill
I work in the grocery myself. Every single day we throw away bunch of food which is still really good. And so sad because we employees cant take it for any reason. Most donations also so many that cant fit in the truck. So sad how america waste so much food.
Before i watch this, imma guess cnbc wont say corporate greed once lol.
When prices go down, is that corporate generosity? Remember when gas was almost $5/gal and now is just over $3/gal? How nice of the oil companies to lower prices.
It's still corporate greed. You know how much billions the gas companies have made.
Not to mention gas prices have some government regulations and involvement in most countries to help regulate the prices. It's not necessarily that shell or exxon wanted to decrease prices for us
Because that's not an answer lol
What gets me is that our governments spend a lot of time dealing with fraudulent non-perishable items like purses, electronics, etc. But when it comes to our health they don't do very much.
I’m Brazilian originally, but I live in the US. I’m starting to watch the video right now (0:14), but I can say, for sure, one of the major reasons that food is so expensive here in the US is protectionism. The fact that the US literally blocks international competition in the food industry, with multiple quotas. Once the quota is met, the tariffs get super high. Before anyone comes and say “but Brazil is one of the most protectionism countries in the world”, you’re right, and I’m against it. It makes technology more expensive in Brazil. And I’m against protectionism both in Brazil and the USA. It hurts consumers and small business, while it makes big business richer, since they’re protected from competition.
Lo mismo pasa en Japón. Pero en Japón hay menos proteccionismo de que en Brasil o en eeuu. En Japón hay bastante productos de México, Brasil y filipinas.
The penalties must be worse than the profits they make. The reason they keep defrauding consumers is because they make millions and millions of dollars and only pay a $5k fee. Charge them a for every instance of fraud and prison time for execs in charge and this will stop immediately.
^this
charge them 5% instead of 5k and see what happens
Everyone I know is getting food poison even though of all the regulations, it’s that everyone is too money hungry
It's so ridiculous how little they have to pay for defrauding millions of people.
Why did they just started defrauding consumers the past few months? Do you have ANY idea what causes price inflation?
I mean ingredient fraud is one thing, but icreasing prices on food and blaming the supply chain and then the costs stay inflated after supply chain issues are sorted is a completely different scam. These companies have absolutely no reason to lower their prices and just keep complaining about inflation while the CEO's take the bonus and the workers get regulated to making just enough to get by. Make it make sense.
Corporate greed
but obvs it's employees fault. gotta cut down wages and lay them off and starve them to death
/s
The issue wasn't the supply chain. That was an excuse by politicians to obfuscate the blame. Food prices are going up because of a 40% increase in the money supply, the burning down of food processing plants, and the culling of millions of livestock in 2022. The supply chain was never actually the issue with food, but intentional damage to the food system.
People are earning more and more money every year. Why is there always enough money to spend on Gucci, LV, iPhone, Mercedes, Starbucks but not enough for groceries?
@@Mrkevi123 corporate is satisfied with your compliance.
If you’re watching this and feel like you’ve failed: you haven’t.
The world just really is one big scam after another and is only here to destroy you.
😂
@@victorbaird8220 yeah. Laugh away the pain is what I do too.
😂😂😂😂😂😂
You're the last remaining Realist here in Disneyland.
My brother ships me 15 liters of Palestinian olive oil every year to the states usually fresh press that year harvest its like 200 -250 dollars but its with it. Personally find local Middle Eastern stores in your area and they always have 100 percent olive oil for Syrian or Lebanon.
This is very valuable info
Especially fresh produce. It's starting to become luxury food.
Liars burn in hell
I stopped putting sprouts and bell peppers on my bagel 😓 can't afford
@jamieherrera3233 no one puts those on a bagel
@@samsonsoturian6013 I used to 😄 veggies are tasty on a bagel. Try fresh sliced jalapenos too!
@@Madamchiefjust shop at target and make me your friend 😂 I refund almost all my orders to get back my money so it will not be hard to do that for you
2019 i spent $50 per week on basic groceries and today the same items cost me $80.
What did you think was gonna happen when goverment paid half the population to sit at home and watch Netflix for 2 years?
Just make me your friend then
@@RM-jb2bv not totally, irresponsible money printing has been occurring for a while and most of it went via the ppp loans to bailout corporations and small businesses not soo much about extended/expanded unemployment benefits and a couple of one off checks.
@@RM-jb2bv I took economics, but I still don’t understand the thinking behind this. Why is it just because we have more money things have to cost more? Who decided that. I mean it’s literally a made up rule… it comes down to the fact that if you’re allowed to charge somebody more for something, and people are willing to pay it (or have no choice) There will always be some greedy person that will charge you that. If we had a good moral companies that thought about the citizens and the public. They would price everything at a reasonable rate. But we live in a capitalist country, that doesn’t care about us. They care about the stock market.
@@Commonsenseisnotcommon8 You took economics and didn’t learn about the law of supply and demand? That sounds right.
I think everyone should have a garden and a couple chickens in their back yard…..BUT, HOA’s and city officials that get paid off to ban backyard chickens make this a problem.
Garden is one thing but chickens are noisy and have the potential to spread disease. Not a problem in rural America, but if you live in a densely populated urban development, it becomes a problem.
@@johnnyvivic8730 Beside that, I don't want to. 🙃
@@johnnyvivic8730 Female chickens are not noisy. Male chickens on the other hand...
Here's a secret about Aldi brand tortilla chips. They are literally the same tortilla chips that are labeled as a big named brand like Tostidos. I used to work in the packaging department of a plant that made the chips. All we did was switch the packaging between orders. The chips were the exact same but one is labeled as $3 or more than the Aldi chips.
😮
since I don't work for chips companies, I can't say much. One thing I can say, if other chips are just as good, people would buy the cheaper brand. Most of the time (if not all), non brands taste sub-par.
Yeah thats really common. If you look at yhr store brand stuff and dig just a little bit, a lot of the items are just brand items with 1 missing thing or the store brand name slapped on top of it.
Most of the time people assume it tastes sub par and don’t buy it. But if they do a blind taste test it would taste the same
Same with peanut butter, used to do food safety testing and the big companies make nearly all store brand.
Because we have uncontrolled, unrestricted, unchecked capitalism. Companies sell their goods at whatever price they wish.
they can't sell it for any price. they have to sell it for what the market will bear.\
people wont buy expensive food, so the stores have to lower prices
Except we don't have that lol
Very nice puff piece, very civil to the industries. The corporate sponsors will be very pleased.
They are struggling to survive this loser president as well.
Lol "organic food is not better thn pesticide foods.".this segment was sponsored by pesticide companies..
Where is everyone's money?
The rich has it. @@angelachanellehuang5663
Let's not mention all the chemicals that are banned elsewhere that cause cancer, birth defects, and endocrine disruption.
One of the few good changes that Mexico's government made during the last few years is the fact that all food brands regardless of their size have to add labels to all their products in the front side to let consumers know if that product contains excess of sugar, calories, saturaded fats, trans fats, sodium, if it has sweetners not recomended for children, or cafeine which is recommended to be consumed by children... as well as another label to let ppl know if a product is a substitute of something. For example if a "Cheese" that is not even made with milk its labeled as "imitación" (imitation or fake)
They've been doing that Latin America for a long time. Not just Mexico
@@thisjointisloosesureee just chile LMAO
@Khendrall, this might not be an example of healthy food. But what about Coca Cola, in Mexico they used to use cane sugar, but now like the United States they switched to using High Fructost Corn Syrup. I used to buy Coca Cola at Costco because it was bottled in Mexico and labeled as having real sugar. But the only way I found out that they switched to High Fructose Corn Syrup (in the Mexican Coca Cola) is a video I found posted on YT last year.
@@thisjointisloose I was mainly pointing out a local example that I can relate and I know how it works because I live in Mexico, but sure there are a lot of other countries in Latin America and the world that are implementing similar regulations which is great for consumers because it creates a more healthy mindset when it comes to buying products that are better for you and your loved ones.
@@JohnS-er7jh I don't think that either or is good for your health, at least for the amount used. Yeah, cane sugar is way better for your metabolism than high fructose corn syrup for a longshot but take in consideration that a 600ml (milliliters, I don't know how much it would be in FL OZ) PET bottle has around 12 ½ teaspoons of sugar which is way higher than the recomended amount that should be consumed in a day (around X2 or even X2.5 the amount depending on your lifestyle, metabolism or if your predisposed to having any health complications such as diabetes).
Why are groceries so expensive? A plethora of reasons, but one of the biggest is because someone in the supply chain decides to punch prices to the max, to see what "the market will bear", and keeps them there! (Corporate greed)
that is not corporate greed. that is capitalism. It is the American way that superman fought for.
and Pattisons' and the Rogers' family yacht keeps getting longer.
True. And no one seems to care enough to protest.
Organic produce is such a scam. I lived in one of the biggest farming towns in the US and most of the farms would plant organic fields right next to the non organic fields and would spray pesticides on windy days. So the organic field now has pesticides too.
In Mendocino county Ca. GMOs are banned. most of the community grows organic. so pesticide drift is not an issue.
also I live in Idaho and see a huge increase in organic markets. the more farms that come online the less chance for drift from conventional sprays. we got to start somewhere.
@c-tekrighteoussounds5840 That's actually pretty awesome. I was mostly talking about Salinas and Castroville.
I have always said this about “organic “ food.
I know a lot of people with their own gardens where they plant vegetables - they basically are forced to use pesticides etc because without them they will not harvest anything... Insects and plant sicknesses will basically ruin all produce. So tell me how big companies manage to plant something and have income from that...
I used to spend an average for 2 people $ 425 per month on food. Now its near the $ 700 mark. That is a 64% increase. I'm getting it down a little by making more food from scratch. I make my own bread, sauces, pizza and etc... Its very expensive out here and official making it a goal to more out of the US next year. I know inflation is world wide but its extreme in the US but places like Ecuador for example I can rent a 1 bedroom apartment for $ 250 a month. In Ecuador one egg cost 10 cents. That means you can buy 50 eggs for 5 bucks. If American Government don't start putting price controls soon lot more people will leave and go elsewhere things are cheaper. Healthy food is costing more and more. How much more can people take!
In Ecuador rent and labor cost almost nothing. That is why the food is cheap. The rent is cheap because nobody wants to live there. I can guarantee you that they do not have the same safety standards that the United States has, that was an utterly horrible example. Monopolies are the problem.
@@mattsch21 I don't understand why people compare poor countries with the USA by saying rent is only this and food only costs this. It is much cheaper but people are not paid much over there. Minimum wage worker income is probably considered rich in many of those countries.
@@mattsch21 I been there before and food was great. I can't say that food safety in the US is not all that great. How many cases we seen with contaminated food getting people sick and the FDA allowing toxic chemicals in our food. Lucky Charms for example contain paint thinner in the cereal but FDA says small amounts is safe to consume. I would say US food safety standards are not good.
Corporations own and control the US govt. Good luck on good things happening.
@@mattsch21 but what you forgot to mention that this sharp inflation is derived from the greed of all corporations, several studies have shown that 48% to 52% of all inflation is from the corporate greed, and has nothing to do with the increase cost of your input, labor, transportation etc Normally, profits contribute less than a third to inflation, but in 2021 and 22, corporate profits could account for about double that, nearly 60% of inflation.
I don't understand how so many people get away with fraud. Why isn't this issue taken more serious?
The fact that you know by virtue of this video that’s made by a company that is owned by one of those people who lobbies the other rich people in their community to stay rich all together, what did you expect? There’s no such thing as justice
Something to keep in mind. Errors can be made whether they’re intentional or not one may never know. There’s a certain brand of cottage cheese I like to buy that’s made from grass fed cows. The price has always been a little bit more expensive than the popular brands….. Axelrod or Daisy but the price seemed to rise from 3.29 a container up to 5.39 in a very short period of time . I found this increase to be both suspicious and unrealistic. I may have too much time on my hands lol but I went home and I called the company and I spoke to a rep. She told me she was going to look into it. She asked me where I lived and what store chain I was shopping at, and she told me she would get back to me and she did by the end of the business day! She told me that that price was an error made on the behalf of the store, and that their company would never implement an increase that large. She assured me that she would be contacting the store to remedy this problem. If you see this and you really like the product, you should report it because if the price gets too high, the product is not gonna move fast enough and your store will stop carrying it eventually. In a nutshell, their mistake really winds up hurting the store itself because as I said, with an increase that great the product will not move and the store will not carry it and therefore it will no longer be available to you. Sometimes that extra 10 minutes of investigation and sending an email or a phone call will work to the consumers advantage.
Interesting -good for u
Ain't nobody got time for that lol
😢...😢...😢
Sorry "
Hey I read your post it was interesting I understand it in the words you used thank you for leaving your post so one day I can read it.
And I read it thank you
Restaurants cost way more than groceries.
So true. We ate at Houston’s restaurant about 2 months ago (3 people) and we had 3 steak dinners and 1 appetizer. The bill was $169.00. Found the meat man and bout 16 steaks (restaurant quality rib eyes and T bone steaks over 12 oz each. I paid $120. Bye bye restaurants 😊
It's true. Groceries may be more expensive now, but they're way cheaper than eating out. I bet half these people complaining still eat fast food all the time.
I shop at Aldi, they also have organic and they’re prices are reasonable, but you do have to bag your own groceries and it cost 25cent to use a cart, but if you return it you’ll get your quarter back.
I keep trying to shop at Aldi, but the quality of many items is subpar to my regular grocery store. For example, I bought zucchini there that made my soup bitter.
I prefer winco, besides the navel oranges aldi food is sus
Typical of the EU supermarket operation, which is effective
Im not sure why but when i buy produce and fruits at aldis they start spoiling within a day.
americans don't bag their own groceries!?
If ppl work together. Families can come together and have there own farms.
Tell that to ppl in urban areas. Ppl are not willing to farm anymore, for that u have large producers with experience who can do it efficiently. Leave ppl working on more prlductive and profitable stuff like services
@XBarajasX that's useles. Ppl have been sold a dream
You mean cooperative societies Like Amul in India for milk?
Community gardens are being done in some areas they work out great, where local residents work on them and take and share food responsibly and respectfully.
Why do groceries cost so Much? This was never covered in this video. Inflation the last couple of years is the cause. High diesel prices has made the cost of everything go way up because diesel is used to make and move all food. Then the the cost of labor that shot way up the past few years. This is far worst than the 70's inflation with Jimmy Carter.
im pretty libertarian about businesses, but i think if you lie about food. JAIL, with very little grace. Each person alive must eat and drink to live.
I agree with you. Food fraud should be punished with jail time. All people have to eat, and people are putting food in their bodies. It’s not like it’s a painting hanging on your wall that someone has commuted fraud with. People won’t know if a food is making them sick because there are secret ingredients that are not on the label in it.
Because they can get away with it.
Organic food definitely tastes better. The tomatoes and melons and squash and cucumbers I grow at home have more flavor and more color. Could more color mean higher polyphenols? That would mean it’s healthier. Basically, we need to stop accepting studies by pharmaceutical companies or food companies.
Yes inflation has raised food prices but most blame is the grocery stores chains taking advantage of that. I know for a fact that a store was only paying 20 cents more per case of bbq sauce but increased its cost of 1 bottle to consumers by 75 cents.
It sucks when you have to pay more for smaller portions. If gas drops to $2 to $3 for a long period of time you really think these food companies are going to go back to how things were?
Prices for anything rarely ever drop when they go up.
well, if you drive 50% farther to get a better price...
EGGS - POOR REPORTING!!! If you are going to shock and awe us with a 32% increase in cost, we need to know the companies profit, NOT their revenue. Revenue includes rise in expenses, exactly an issue during Covid. Profit is how much the company is taking from us. And profit needs to be tied to growth, if a company grows to twice as big, it’s expected the profits do as well.
The food, real-estate and financial industry need major overhauls. We really need to fundamentally rethink it all.
I can't even tell anymore if the local farmers market is truly local or if they're just bringing in produce from anywhere.
I bought Great Value pickles and it said they were made in India
Not just groceries, but why does everything cost so much?
Inflation. We have had healthy inflation for the past 20 years or so, until last year. Healthy inflation means that the cost of everything went up 2-3% a year. So that means you have to make 2-3 % more a year to have the same spending potential. Most people’s jobs don’t give them a 2-3% cost of living adjustment every year. Last year, inflation was about 6%. So from last year alone, you needed to make 6% more money to have the same spending potential. Making $76,000 in 2002 is like making $125,000 in 2023. That’s the adjustment for inflation. Every year, things cost more and more.
You misspelled the """unregulated free hand of the market""" also known as greed and monopolies, or simply capitalism.
Fuel for freight.
The effects of the idiotic lockdowns
Because capitalism runs this country not the people 😢
Once greedflation has insidiously spread through the big food corporations, and people accept any lies thrown out about ever increasing prices, the consumer is further stuck.
Eggs disappeared here in southern Sweden for a week or so in a store I go to. I wasn't really craving it, but I noticed when shopping. For the last 3 years the prices have gone up crazy high for lots of products, in some cases double the price or more, like food oils.
Äggpriserna här är det sjukaste någonsin 6 stycken ägg för 30 kronor borde vara olagligt och leda till avrättning
Thanks for sharing ❤
Something needs to change. Cost of living anxiety for people under 35 is through the roof. The only fight that is being won is increasing minimum wage but all that happens is the prices being raised again. We need to focus on cutting cost of living and price gouging
This. People need to learn to live with less extravagance. Cousin and friend complaining about rent too high - both are single and live in 2 and 3 bedroom apartments - refuse to get single bedroom apartments. 🙄
@@nesmandan1037 I think you are missing the point. Their first words were something needs to change. Then they listed ways they are trying to cope. There was no mention of people complaining about rental pricing. Nice attempt to hijack the conversation.
The point which you may have missed in your rush to make dispersions, is that Those people under 35 are barely surviving now, minimum wage increases aren't keeping up with the rate of price gouging by corporate Industry. AKA Something needs to change.
People should stop having 5 kids. And no need for huge SUV's either. Does contentment even exist in today's world?
Everyday I am reminded why quitting my job was dumb as hell.
what was your job
Thank you so much for this video. Super helpful and well-presented. Your time and effort is most appreciated!
Groceries will remain expensive as they mirror consumer demand on one side and supply management on other side. The exchange medium of money was to retain its value but is fast eroding, which is a requirement of Central bankers to keep going to manage their huge debt pile, so inflation keeps going and paper currencybas an exchange medium keeps getting devalued.
Whatever happened to free enterprise? Prices are supposed to be based on supply and demand and companies used to compete with each other for more business. Instead of a chain lowering its price when another went up they raise theirs too! Ir's called price fixing and companies used to be busted doing so.
A box of cereal went from $4.49 to $6.99 in a week - that's a 64% price increase! Pretty soon a loaf of bread will be $10 ! When will it end?
That doesn’t work when one or two companies own majority of the market share. For example General Mills owns almost every cereal brand and many other food groups like sauces. You can’t really compete with such giants as they will always have the resources to price you out. Even the off brand cereal is manufactured by General Mills and the cost for the same cereal non branded is cut in half. If you ever go into Aldi’s you will see the generic and name brand items right next to each other and the non brand will be half the price of the name brand but it will be the exact same product. Free market doesn’t work with food because food is a necessity, like housing. People will pay whatever the cost to eat as they would pay the incredible high rent to have housing.
@@Daveyjonesvi Price fixing is illegal, no matter what the commodity. It's an anti-competitive agreement between companies so that the consumer cannot get that item cheaper anywhere else, and is forced to pay a higher price. If the anti - trust laws were enforced as they were before these monopolies would be dismantled. Ma Bell in the 1980's is a good
example, but our government in the last 6 years have (both sides) eased up on these laws and not enforcing them anymore. Price fixing is busted by the attorney general but for some reason are not doing their job. COVID is gone and there are no supply chain issues so there is no excuse to let this continue.
If i've learned one thing from covid and the breakdown of the supply chain it's that prices no longer reflect real world value. Big companies wasted no time in throwing "supply chain issues" at every product they owned to justify raising prices as high as the market could tolerate. Some products did have issues, but I would bet that most didn't.. and since it became clear that customers would still buy products at almost double the price, there is very little reason to think they will ever be sold for less again. This compounds across every industry for every product.. people up-charging the crap out of each other left and right, and then raising their prices to compensate for other people doing the same to them.
It's called price - fixing.
@@sherriianiro747in a broad sense yes but that's not the correct term price fixing is if all the companies had an agreement on the price, this is price gauging
@@jorgenoname6062 It was called price - fixing by the feds several years ago when some companies in our state kept raising their prices when others did and none lowered or kept them the same, so eventually they were all around the same and there was no competition. It's an anticompetitive agreement between companies so that the consumer has no choice but to keep paying more money without the option of getting their goods cheaper elsewhere.
Fixed price simply means an item is at or near the same price at all businesses that sell it.
Price gouging refers to inflating prices during emergencies or disasters, which doesn't apply.
I looked at the examples shared by many people. One of them is the experience of many people working in a grocery store. No one discounts or promotes food until it expires, but just throws it away. Some people say it is because they are worried about someone having a bad stomach and facing a lawsuit. This is also The problem with our society is that one act of kindness can get you into trouble and no one wants to do that! If possible, one month before the food is about to expire, we can promote it in several stages. I think this will be much better.
GROCERIES ARE EXPENSIVE BC COMPANIES CAN CHARGE WHAT THEY WANT UNTIL WE BOYCOTT & STOP THEIR RECORD PROFITS
IF AMERICA DIDNT PURCHASE GAS FOR 1 day PRICES WOULD DROP SIGNIFICANTLY
Corporate greed
100%
When prices go down, is that corporate generosity? How nice of those large companies to lower prices.
@@bwofficial1776 these companies can price gouge whenever they want & do.
So when prices go down do you thank these companies for their charity?
Having visited the US from the UK many times over the past 7 years I was surprised how expensive groceries are there. Even now when food inflation here in the UK is getting mad its a lot cheaper.
I don't even get that much stuff at the store and end up paying Almost 100$ still lmao thanks Biden
I had a group come and stay with me from the UK...they couldn't believe how cheap the clothes, rent and most of everything in stores were compared to the UK....they spent hundreds of dollars stocking up on things that were so much cheaper in the states.
@frozenlama23 Not sure it would be any different no matter who is in the oval office. These company lobbyists are many and much more powerful than both parties. People are divided over the wrong issues.
Thank you, Dami for another great content. Over a decade ago, I went to visit the ‘ Sagrada Familia ‘ and somehow thought it was no more than an ‘ architectural sculpture ‘ , a great one but could not image it is to be ‘ livable ‘, I often think that human needs entering a space to feel balanced, stable and sense of safety which this is how ‘ traditional building has provided us ‘ … I would certainly be more open to this ‘ biomimicry ‘ especially if it brings new light of sustainability in building material, structure, etc. looking froward to seeing more of your new videos and thank you for sharing.
This is shameful my grandma/ mom always said don’t play with nobody food. This is just shameful on so many levels
Anytime corporations are involved in food or housing, the cost of living will continue to go up because of shareholders.
My worry for society is we are slowly losing ownership of our lives. Back in the caveman days everyone fended for themselves and built their own homes and hunted for their own food. Now we leave almost everything into the hands of mega corporations and become completely dependent on them. Our next generations will only continue to depend on things out of their control
The future sci fi is e blackouts. No electricity. Thats future warefare. We are useless without electricity and technology.
Too many government regulations are affecting these companies and driving up prices. The companies are only reacting to what governments dictate.
Yup the way that we live is UNNATURAL! It’s BOUND to fail!
It's funny how people never have money for expensive groceries but always have enough money for those Nikes, iPhones, Gucci, MK bags...
It’s funny how I don’t have any of those name brand items except for an iPhone that I haven’t changed since 2018 and I’m still not able to afford groceries 🤷🏻♀️
@@ivyvanderwallIf you can afford to be online, then you can afford to buy food. You may not get what you like all the time, but if you know what to buy, when to shop, and how to shop:; you can cut your total cost down. One thing is eat little meat, eat more beans ($1.00/bag) and veggies. Eat brown rice. Cook your own meals. I can get a large bag of frozen mixed veggies, which will last a week for around $7.00. Catch the sales, which chain grocery stores have weekly.
Groceries aren't actually expensive. Convenience is costly. Thrifty, zero-waste cooking from scratch is still a very frugal option. I strive to spend no more than $1 a day per person to eat well, and I only shop at a grocery store when I have bargain hunting on my list.
I'm making chicken Alfredo from scratch today for an elderly neighbor. I picked up a pound of ground chicken on clearance for 98 cents at Kroger and his favorite pasta for 75 cents a pound. We'll use up some parmesan cheese rinds and make the sauce with olive oil, flour, his slightly stale milk, a dollop of sour cream, garlic powder, and dried parsley. I'll also make him free old-fashioned collard greens from his garden and produce eight balanced meals for about 40 cents each. If he doesn't let his milk go stale, I substitute powdered milk in this favorite recipe of his.
Fablous -more power t u
Tell him to freeze his milk in ice cubes trays and store in ziplock bag in freezer. Perfect for adding to hot coffee. Can thaw in fridge overnight or microwave.
@@happycook6737 Good idea on the milk ice cubes. Anything we can do to avoid food waste stretches the food budget farther. I also use his stale milk to make paneer, and Indian style firm cheese. He likes a mild, American-style creamy collard greens with paneer, like Palak Paneer made with spinach (Saag Paneer is made with any greens). I'm not from India, just always learning how other cultures eat well on basic foods.
Profits before people is the American way
I'm noticing something about two items I regularly buy at Target: Extra Virgin Olive Oil and Honey. I switched to Olive Oil from canola and vegetable oil because its better for my skin. But I noticed my skin is still breaking out and I suspect its because the Olive Oil is not 100% pure. The honey crystalizes when you leave it for a few days in the cupboard. I bought a small bottle of honey from a farmers market, had it for months and it was pure as the day I bought. What Target is selling is pure sugar.
I work at target man if you want your money back for those items let me know. If they out of return period I will just give refund for some thing else. You should've gotten refund before. I refund my own items everytime if it's not good
Honey in usa are all fake. They all made from sugar, brown sugar and maple syrup 😂
@@lunalara6678 If you get it from the farmers market it’s pure.
This is incredibly upsetting . White collar crime needs to be punished more heavily and consistently.
The reason why groceries cost so high is because labor hourly wage is going up , we all want to make more money to do the same jobs... Labor cost is a driving force of inflation, which is an endless circle of higher cost...
I was shocked to see the price of food in supermarkets in the US compared to the UK
Cause our freight rail transport is so ancient and inefficient compared to europe, makes goods and parts for stuff more expensive, cause it takes longer to transport.
Their electronics and toiletries tend to be cheaper though. I was also pretty shocked when I was looking to make a salad using fresh ingredients in Texas.
@@ncard00The US has the best rail freight system in the world. You're thinking of passenger rail which is almost unrelated. Do a basic Google search, the United States is widely considered to have the most efficient rail network in the world by rail network experts. I love CZcams commentators who just talk right out of their butthole it's so entertaining.
is it double the price compared to UK?
@@itseveryday8600 Can't remember exactly but it was considerably more
Wholesale prices have dropped but grocery stores are refusing to lower prices.
Nope grocery stores provide discounts and say they have lowered the prices. If only people knew what happens inside they will shoplift the stores. We employees do it for our own orders
So happy I found this channel ❤❤❤❤
Organic stays fresh longer in my experience.😊
I think it is vice versa
Many CEO’s might end up in Hell.
All this data is helpful but in reality the local grocery stores charge 30-40% mark up on top so until the consumers don’t start researching prices the local stores will keep doing it.Last 6 months Jewel /Kroger /Roundys offer better pricing in general than local grocery stores.
Grocery stores have like a 2% margin lol
Food are expensive, fertillzer price are high for food production and cost expensive gas for shipment.
>Puts 4% Parmesan in a product, as well as literal wood chips, and charges like 100% Parmesan.
>Makes millions in profits.
>Find $5,000.
Just today, Walmart Great Value brand tater tots rose from about $2.80 to $3.45. And this is just one of many “cheap items”, I use to buy. Now, I’m thinking of buying in bulk while the stock is down. Probably causing more scarcity, and higher prices.
Thank you Joe Biden.
@@tira2145 - No matter who is the president, or the reason why the economy stinks (high prices for gas, food etc), they will definitely get the blame.
that's the story of hyper inflation
@@ShitWrangler thank you Joe Biden. Isn't he just the best?
@@Bat_Boy Biden's running around telling us how great the economy is. Why shouldn't he get the blame?
It's crazy how unregulated food prices are in the US. In Canada I've always been able to buy a dozen large eggs for 2.50 CAD for the last 5 years.
I just did some research and food prices are skyrocketing in Canada as well
@Rommie26 yeah they really are. I'm canadian, 2.50 for eggs isn't a thing any more
regulators can be paid off.
chinada is worst than us..a dozen eggs cost 3,69 at least...forget the 2,5 cad, doesn t exist anymore...the food in chinada is disgusting, full of pesticides..
That's expensive! We were only paying 99 cents a dozen for several years. Then this bird flu, caused them to skyrocket.
The real reason: corporate greed jacking up the prices of everything yet not paying the farmers more or their employees more
Lets go Brandon !
There have been several documentaries that proof that growing crops without pesitcides and tilling gives farmers bigger yields and more profits
Turns out when you raise prices and consumers still pay it, what incentive do you have to lower them? The fact that everybody needs and buys food is irrelevant. They’re there to make as much money for their shareholders as possible and have no desire or obligation to be responsible in any other fashion.
I think this depends on the product. For example, I'm priced out of buying any beef that isn't ground.
At some point, realistically there will be continual riots in the streets. You can already see it coming. It may be framed as political, but realistically after the first wall street bailout, it became perfectly obvious Industry owns our government not the people. That's across parties.
About 6 or 7 years ago the price of vanilla extract went from $10 for a 16 oz bottle to $20 for a 8 oz bottle. They said it was a shortage in vanilla bean in Madagascar. They saw that people would pay that price. Now it’s over $30 for a 16 oz bottle. I’m a baker as well so I learned how to make my own. A 50 count of beans makes 5 1/2 16 oz jars (price is $65 for the beans and liquor). I saved $100. Never buying vanilla again and I grow my veggies during the summer and early fall and bake my own breads. I only buy meats when on sale ( freeze and can those). My grocery bill has lowered since doing all of this. Hope this helps
Pb n j for me
@@Nisa-gm5wgyou are very cute
Can you imagine, we are putting wood pulp on our spaghetti thinking it's normal cheese? Someone stop this! They could put anything in our food. No wonder I had such terrible stomach issues in America VS Europe.
The cartoon chickens at 15:32 are so cute! Bawk!
Never Mind the FACT that corporate boardrooms were caught on tape admitting price fixing to shareholders. If one company is doing it its because they feel safe enough to do so, the obvious implication is that its at a certain level of corporate management to be an open secret.
Fresh parmesan is cheaper nowadays. I bought mine for $5 for a 4 inch block at Trader Joes that can fill 5 cups of cheese. The dry artificial costs me $3 at Walmart for 1/2 cup.
Why not shop at target?
@@herenthere890 target doesn't have 50 different options of fresh blocks of cheese.
@@Mitaka-Asa but come on man I work at target if you were to shop there I could've given you refund for at least one order just like that.
Ikr!! Why is Trader Joe's now almost identical, or in some cases cheaper than Walmart now. Something's rotten to the core. I hardly shop at Walmart now because it's too expensive...Like what's wrong with this picture...Walmart USED to be the cheapest groceries, now it's on par with Trader Joe's, and I'd much rather shop at Trader Joe's. 😮
The organic food is grown without pesticide or hormone. So my assumption is that they are safe to consume. And Costco usually sells mostly organic, so I have really no choice
If you watched the video that is not true. There aren still pesticides used in organic food and it is proven to be no more nutritious. It helps perhaps in providing you with a wallet that is lighter and lighter to carry.
Not only that but many retail stores (restaurants, grocery, etc.) are using devious methods to lure customers in and then using fine print policies to make more money.
Please explain
It's never your fault for over buying. That's the American way.
@@tira2145 It could never be an amoral business model and the purposeful push for materialism by all media/corporate entities….
I am so glad that I live in Germany where food is still much cheaper than anywhere else. Even cheaper than in poor countries like Thailand. In Germany we have a lot of those discounters like "Aldi" and they drag down the prices for all. Supermarkets can't charge a lot more than Aldi. I wonder why that does not work in other countries.
For that you have high rents, high energy prices, low salary and taxes everywhere. Criminal Clans are a bonus.
@@lazyhunk2 Rents in Germany are actually quite low except in places like Frankfurt and Munich. The clans are not really a problem for normal people. They keep a low profile. And the murder rate per 100,000 people in the US is 8.5 times as high as in Germany.
Germany owes everything to the United States. We had to kick your asses twice, protect you from the Soviets- you’re welcome.
We have Aldi in the US, too. But we also have Whole Foods where you can pay 3x the price for the same item.
who told you that thailand is a poor country? Thailand is rich but 99,8 percent of people are poor. because of the elites won't share the wealth with the rest of the population. Germany even get some of thai money through a VIP who lives in a hotel there for many years now hahaha
regarding the Fake /mislabeled Food. the Food store chains that are selling it, should be held accountable as well.
If our food is so nutritious that getting a little extra from organic is pointless, then why does so much of our food need to be fortified in America?
Using raw unprocessed food products ( usually locally sourced) is the solution.
I shop mainly at aldis and Kroger… around $150 per week to feed 3 people
I work for Kroger . Try having a discount 10% & still pay 50$ 😂
@@michaelmayo-vb5fl we only buy sale price meats at Kroger and produce at aldis
@@michaelmayo-vb5flthats nothing bro I work at target can't you just like discount own items ? I do it all the time they doesn't even care for small transactions so I refund or apply full discount on my orders mostly minimum 200 order value.
Yay how many times you eat out
Supply and demand have no impact on prices in the real world. In the real world prices are set by whatever the CEO wants them set at. Prices are going up because the executives are raising them. That's it.
Exactly, everyone should be eating organic. The problem is how expensive organic is because is time consuming, work and it has to be sell fast or it will go bad quickly and unfortunately is not a lot of help for farmers or even people that can do organic since big chains take over the products because all chemicals and regulations they have make big chains winners. I grow up in the country, my grandparents both farmers, one of them lived in USA for over 13 years, he went back to mexico and he started working the soil different adding pesticides, fertilizer etc. He made more money with his harvest, on the other side my other grandfather used animal waste, seeds from the year before harvest, rain and zero pesticides, he just prayed for a good year of rain. He never made money, but he lived 100yrs, no diseases and zero health problems
. I live in Texas, I have one acre of land, I got some chickens and is been 8 yrs without purchasing a single egg. I grow my own vegetables and I have plenty enough to share with my neighbors and family. I even offer them to my clients for free and some of them reject them because they prefer to purchase from the store because they either don't like the organic taste or because they are scare to get sick. I don't get offended, I get surprised how brainwashed we are. But, it is what it is, since this is how the world rolls making money with our health and ignorance
.
Your neighbors are lucky!
You're right, people are so brainwashed. I knew people who have lemon trees in their backyard, but it doesn't occur to them that they can pick those lemons, and instead they go to the supermarket to buy seedless lemons/limes. I never never buy seedless.
Getting ripped off and getting less and paying more and companies sent being held accountable 😕
Now when I lived in new york, the meat that I bought was not in a package first place you go to the butcher, he cuts it and is right there, you can see😊
Most US cities have a butcher. I've been to ones in Oklahoma, Texas, and Atlanta.
I live in Seattle, Washington now. Everything's packed is really unusual for me. Not to go to a butcher and get the meat cut right there. It's kind of strange but I love seat. One thing I was thinking about doing though. Is buying a cow? Haven't buy the feed and have a person. That's that farmers raise it. And then when it's better to be butchered.
This video feels a bit like food fraud. Putting a new title on three old videos that have nothing to do with the title. Genius
FUN FACT: organic produce are WAY cheaper to produce than inorganic. I have always bought Napolian, and after learning this, I decided to buy a higher priced, significantly smaller bottle of no-name brand of Extra Virgin. HOLY COW! The color, smell and taste was SO different. You can TELL it is 100% olive. Source was Italy and Greece, versus Napolian that is mostly California. The real extra virgin is pretty vibrant, with a bold aroma, thinner consistency, and robust olive taste. Napolian is more yellow, thick, hardly any smell and a flat, mild, and bitter taste. Same with Bertoli. So just a heads up, these two top brands are suspiciously NOT 100% olive.
You don't need: 1) Soda's, 2) Candy/cookies, 3) Potato chips. 4) frozen pizza etc. 5) junkfoods. So stop the cap and start buying SENSIBLE food items. Half the stuff sold in the supermarket is UNhealthy and NOT needed.
That not even what this is about, food prices have raised on everything. Also if you actually knew anything youd know that a lot of places in America have it backwards where eating unhealthy can sometimes be more cost effective than purchasing ingredients and making food yourself. My guess is your probably wealthy and have a elitist mentality so none of this means anything to you.
Grocery stores are huge now compared to what they were in the50s and 60s simply because there is so much crap.
@@carpelunamwhat's cost effective about soda? I'm not an elite. Growing up poor we had a glass of ginger ale on new years eve. Other than that water or milk. We made plenty of pizza from a loaf of bread and a jar of spaghetti sauce. Much cheaper than a $10 box of pizza.
@@carpelunam stupid is your strong point !!!!!
Unhealthy processed calories are MUCH more affordable than whole foods, and they take TIME and EXPERTISE that people without means don't have. Get off your high horse.
Was in Food For Less yesterday. They still have the same old bright yellow price stickers on the shelves. But the prices themselves are 40-60% more than they were in March 2020 just before COVID struck.
Man now I see why stuff cost so much nowadays and great video man :]
I bought 1 gallon of olive oil from a bulk organic food seller. Despite being the same price per ounce as what I was getting from the store, it tasted completely different.
What do you think is the reason governments around the world don't severely punish those found guilty of food fraud?
Japan you can eat raw eggs, USA has annual avian flu outbreaks and their chickens literally live in poop cages. 😅