[OC] The cost of bacon in America has decreased in the past five years relative to wages (flat since Jan 2021)
Posted by JPAnalyst
[OC] The cost of bacon in America has decreased in the past five years relative to wages (flat since Jan 2021)
Posted by JPAnalyst
8 comments
Chart in Excel
Source: FRED
[Average Price: Bacon, Sliced (Cost per Pound/453.6 Grams) in U.S. City Average (APU0000704111) | FRED | St. Louis Fed (stlouisfed.org)](https://fred.stlouisfed.org/series/APU0000704111)
[Average Hourly Earnings of All Employees, Total Private (CES0500000003) | FRED | St. Louis Fed (stlouisfed.org)](https://fred.stlouisfed.org/series/CES0500000003)
Description: I tooke the cost of a lb (453 grams) of bacon each month and divided it by the avg hourly wages in America for each month to determine what % of an hours’ wages it takes to buy bacon. As bacon prices have increased, wages have kept up so the impact is virtually the same on Americans.
The chart: it may not have worked out, but I made the line thick, and used color gradients to attempt to make the line look like bacon. Maybe it’s a fail, but it was worth a shot. Wife didn’t love it, but I hope you see that it’s sort of bacon.
Man I wish I could find a pound of bacon for $7
Bacon is the milk of the 2010s
That’s one thing I noticed during the aftermath of covid. Beef was getting more expensive. Pork was dirt cheap. I wonder why?
Baconomics is the standard we should judge all great societies on.
Data are tasty. The graph of bacon prices over time looks like bacon. HL3 confirmed.
The conditions on these farms, and all the people living anywhere close to them are horrific. The conditions to the animals are getting worse and worse as prices come down, but even if you don’t care about that, peoples houses are basically totaled
https://www.youtube.com/watch?v=XLfnQoYRL84&pp=ygUgaG9nIGZhcm1zIHJhbHBoIG5hZGVyIHJhZGlvIGhvdXI%3D.
I wonder with the decrease in export to places like China. Pork exports are down by 1/7th in the past 3 years.
https://www.ers.usda.gov/data-products/chart-gallery/gallery/chart-detail/?chartId=108506
What’s interesting is some cultures prefer different meats.