Stupid econ question:
Why isn't food more deflationary? Like, I understand why jobs involving humans have to keep up with the rising price of labor, but food gets more and more automated, no?
Or is it actually deflationary, but only on long scales? Or, will it *become* super deflationary once it's possible and economically viable to e.g. hire fruit pickers?
But that still wouldn't explain why, e.g. cereal, has gotten pricier over time.
Zach Weinersmith /
npub1q9…s709x
2023-08-31 14:08:59
Author Public Key
npub1q9np7h6t2e4vwdp9wg8q76fpg7879qgzuvszu7rnyn57casdy3sq6s709xPublished at
2023-08-31 14:08:59Event JSON
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"content": "Stupid econ question:\n\nWhy isn't food more deflationary? Like, I understand why jobs involving humans have to keep up with the rising price of labor, but food gets more and more automated, no? \n\nOr is it actually deflationary, but only on long scales? Or, will it *become* super deflationary once it's possible and economically viable to e.g. hire fruit pickers?\n\nBut that still wouldn't explain why, e.g. cereal, has gotten pricier over time.",
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