Why is inflation where it is since 2021 as compared to 2020 and for a decade earlier? I’ll answer, in a nutshell, COVID. Production of automobile computerized chips in short supply over the past 3 years, why? Again, I’ll answer, because of COVID. Now, that COVID is under much better control than it was in 2020, factory workers are not getting sick, dying, quitting, my guess is that production is back to pre-COVID levels “per worker”. So, why haven’t car prices gone back to pre-2020 levels? Again, I’ll answer, because the American public has shown the willingness to pay 30-40% more for new cars. Do you think automobile dealerships are EVER going to be willing to bring prices back to pre-2020 levels? Absolutely not, if they don’t have to. If money is so tight, again, spending should be cut across the board, including new cars.
Exact same thing applies with shortages of poultry, beef, etc. during the peak COVID time. Supply is back to normal for quite a long time now. Has the price of meats come down at all since then? Absolutely not, and won’t until the end consumer cuts spending here too. If Shop Rite has gotten used to charging $12 for 4 burgers worth of ground beef, why go back to charging $7?
All totally unacceptable!!!
Last edited by bcbgcbrcb; 11-14-2023 at 08:34 AM.
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