The U.S. Department of Agriculture (USDA) has released its latest report on food price inflation—called the "food price outlook"—and the outlook is grim. Facing the effects of Covid-19, the potential
It appears that a disoriented consumer with new shopping habits is about to carry a heavier economic burden that anyone expected, despite possessing government stimulus pocket-change.
happening? quite a lot of eole happening? quite a lot of people have happening? quite a lot of people have moved - happening? quite a lot of people have moved into l happening? quite a lot of- people have moved into delivery jobs in the consumer sector, also it s been quite a big period when people have had a lot of price increases, food price increases, energy moving to new highs. a lot of people looking for higher wages rather than some of the old jobs which were not quite as well paid. what impact will that have apart from many of us having to wait longer to be served? it really means the whole stability we have had in the economic system is coming to an end and i think there will be a much more pushy need to pay increased wages, and that will be quite difficult for businesses, real pressure on some of those. some of them could go insolvent. quite a difficult period coming up. either wages and inflation goes up either wages and inflation goes up or there is pressure. thank you fo
next summer, we will have higher food prices. people have gotten accustomed to higher prices at the gasoline pump. they kind of understand why that may be happening. it s going to be harder to explain to middle americans why their grocery bill is going up so dramatically. i think neither a politician, neither of the candidates nor neither party really walks away scott-free in this. that is absolutely certain. what s also true is we are putting a huge part of our corn production into the gas tank where it does not belong, taking it out of the food supply. so that whole ethanol scam which has been a scam for powerful corporate interests, is something that has to go and it should go right now before this builds into huge food price increases. dr. jeffrey sachs, this is not the last time we will entice you on to talk about food insecurity, climate change and other energy concerns. thank you for your time as always. you can read the arctic ice crisis in rolling stone on newsstan