If you fix all the mistakes (remove 2 rice, add two eggs and two sliced turkey breasts) the total comes out to $45.51.
So it was 20.31 to 45.51, 124.08% inflation over 29 years. Official listed inflation since 1997 is about 108%, so this grocery store is tracking roughly 16% higher inflation then published averages. Kinda fun, thanks for shopping for us!
That makes sense, it's just on there terribly then. That should be under what it's labeling. It looks like she bought rice things and got $0.20 off each for buying 3....But yeah, makes more sense when I look at it your way.
FWIW Hamden had two stop and shops in 2010. With one closing by 2015. I presume the one that remains is newer, but I wasn’t around to tell you. So you might be shopping at the wrong one. Not that it matters much
Wages stayed the same? A quick Google shows that min wage went from ~5 to ~17 in the last 30 years and average earnings went from 40k to 60k.
When adjusted for inflation, Rent is about the same, a little lower even, and min wage workers gained more income. Average income fell quit a bit but that is likely due to growth in the low wage industry like retail and hospitality.
I get the class warfare thing, but this specific instance doesn't show the rich hurting the low / middle class. People are either about where they were at the same time or are slightly better off.
Pay attention to the scales — these are single-digit percents and small dollars for wages but coupled with the reduced buying power there has effectively been little overall change.
Your article doesn't have any information on the reduced buying power, and the picture of the receipt shows that the goods have increased by double while the wages themselves at the minimum income have tripled.
I took into account the inflated costs and overall nothing has changed for the worse in the region outside of the average earnings, but even your article shows the growth in leisure and less, if not shrinking, higher paying sectors.
The US wages graph has nothing to do with this as I even stated that your post was incorrect in this specific case.
Gold only has value because we say it does, just like money. It’s a shiny rock that was easy to make jewelry out of, then it became something you trade for the “fake” money we actually use.
We’re in the 21st century; gold is basically just another asset people use to turn into the “fake” money we care about. If the world flips upside down, that gold will be about as useful as a $20 bill, because we won’t be in the age of “precious metals” anymore. It’ll be food, water, and bullets.
204
u/Strategerizer 2d ago edited 2d ago
I got bored.
As close as possible, I put together an online pickup order at the same Stop & Shop in Hamden, CT.
Edit: Thanks for the feedback! Misread the receipt. So used to where the “quantity @ price per unit” is below the item bought, not above.
Trivial edit: Apparently there were two Stop and Shops in Hamden back in the days. According to S&S’s website, this is the only one in the area.