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Topic: How Cheap Things *Used* to be

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FearlessF

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Re: How Cheap Things *Used* to be
« Reply #126 on: June 03, 2026, 08:11:44 PM »
Quote from: Mdot21 on June 03, 2026, 04:28:33 PM
hash brown at McDonald's is like $3....used to be under $1. how did this happen?
Evil corporate greed
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utee94

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Re: How Cheap Things *Used* to be
« Reply #127 on: June 03, 2026, 08:46:35 PM »
Quote from: FearlessF on June 03, 2026, 08:11:44 PM
Evil corporate greed
Definitely corporate greed.  Potato burglars!

Or, alternatively, this...

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Cincydawg

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Re: How Cheap Things *Used* to be
« Reply #128 on: June 03, 2026, 09:07:36 PM »
I made beef stew for dinner, really tasty.  
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OrangeAfroMan

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Re: How Cheap Things *Used* to be
« Reply #129 on: June 03, 2026, 11:59:43 PM »
Quote from: FearlessF on June 03, 2026, 08:11:44 PM
Evil corporate greed
More likely than potatoes tripling in price.
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OrangeAfroMan

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Re: How Cheap Things *Used* to be
« Reply #130 on: June 04, 2026, 12:03:18 AM »
Quote from: utee94 on June 03, 2026, 08:46:35 PM
Definitely corporate greed.  Potato burglars!

Or, alternatively, this...


If only your graph reflected McD hash brown pricing.....




Tripling in 7 years is NOT corporate greed.  Keeping the price high after supply chain issues have long been fixed is NOT corporate greed!  Ignore the man behind the curtain!


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“The Swamp is where Gators live.  We feel comfortable there, but we hope our opponents feel tentative. A swamp is hot and sticky and can be dangerous." - Steve Spurrier

utee94

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Re: How Cheap Things *Used* to be
« Reply #131 on: June 04, 2026, 12:10:44 AM »
Quote from: OrangeAfroMan on June 04, 2026, 12:03:18 AM
If only your graph reflected McD hash brown pricing.....




Tripling in 7 years is NOT corporate greed.  Keeping the price high after supply chain issues have long been fixed is NOT corporate greed!  Ignore the man behind the curtain!




What do you call something that is priced artificially low for decades and dosesn't track the rising cost of the manufacturing inputs?

Quote
More likely than potatoes tripling in price.

I mean, those are your exact words, and yet that's what happened.
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Cincydawg

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Re: How Cheap Things *Used* to be
« Reply #132 on: June 04, 2026, 07:54:03 AM »
One could see if the stock price of MCD did anything extraordinary during the period.

https://www.alphaspread.com/comparison/nyse/mcd/vs/indx/gspc

Over the last decade, it seems to track SPX pretty closely.  So, perhaps average corporate greed.  I agree there is such a thing, this is a for profit corporation,  they exist to maximize earnings.  

So long as there is real competition, I don’t see a problem.   
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MrNubbz

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Re: How Cheap Things *Used* to be
« Reply #133 on: June 04, 2026, 09:17:54 AM »
Problem is IMHO when gas prices come down will food prices follow? If congress doesn't start holding these corporate pirates legally accountable(instead of catering to party interests) things just may go unretrievably sideways. Not good,not good
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FearlessF

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Re: How Cheap Things *Used* to be
« Reply #134 on: June 04, 2026, 09:33:06 AM »
if/when the oil companies report record profits at the end of the year, I won't be happy.
I'll be a grumpy old man!
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847badgerfan

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Re: How Cheap Things *Used* to be
« Reply #135 on: June 04, 2026, 09:36:01 AM »
Look who is buying the farmland.
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U RAH RAH! WIS CON SIN!

Cincydawg

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Re: How Cheap Things *Used* to be
« Reply #136 on: June 04, 2026, 10:13:20 AM »
Quote from: MrNubbz on June 04, 2026, 09:17:54 AM
Problem is IMHO when gas prices come down will food prices follow? If congress doesn't start holding these corporate pirates legally accountable(instead of catering to party interests) things just may go unretrievably sideways. Not good,not good
Fertilizer depends on natural gas, rather heavily, so farmers have had to pay more for fertilizer.  That price might ease some if overall petroleum/NG prices drop, but the increased cost is "in the ground" now.    I'm not sure what Congress can do specifically.  

None of us like higher prices, and "we" want to blame someone for them, the origins quite often are multiple and rather more complex than just saying "corporate greed".  The "cure" in my view is efffective competition. which I grant we don't always have sufficiently.  The FTC is supposed to keep an eye on things like monopolistic practices, but the last time I saw any action of that sort, breaking up a monopoly, etc., was ... well, I can't recall.

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utee94

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Re: How Cheap Things *Used* to be
« Reply #137 on: June 04, 2026, 10:17:19 AM »
Quote from: Cincydawg on June 04, 2026, 10:13:20 AM
Fertilizer depends on natural gas, rather heavily, so farmers have had to pay more for fertilizer.  That price might ease some if overall petroleum/NG prices drop, but the increased cost is "in the ground" now.    I'm not sure what Congress can do specifically. 

None of us like higher prices, and "we" want to blame someone for them, the origins quite often are multiple and rather more complex than just saying "corporate greed".  The "cure" in my view is efffective competition. which I grant we don't always have sufficiently.  The FTC is supposed to keep an eye on things like monopolistic practices, but the last time I saw any action of that sort, breaking up a monopoly, etc., was ... well, I can't recall.


Ma Bell, I think.

Both Intel and Microsoft have faced heavy government scrutiny over the years.  The existence of Apple and AMD has saved them from severe government interference.  Government economists use various tools to analyze markets, the Herfindahl Index being one of the primary ones which measures the concentration of firms in an industry.
« Last Edit: June 04, 2026, 10:27:58 AM by utee94 »
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Cincydawg

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Re: How Cheap Things *Used* to be
« Reply #138 on: June 04, 2026, 10:21:03 AM »
One huge change in our lives was the Haber process, a way to generate fertilizer from air (and explosives as well).  Before this, fertilizer was "harvested" from bird populated islands.  The green revolution hinges on this change.  Fertilizer is critical to farming (duh).  

I've read concerns that we're using up sources of phosphorus readily available for use in fertilized.  While not as critical as N, it's still needed by plants.  Potassium is easier to come by.
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MikeDeTiger

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Re: How Cheap Things *Used* to be
« Reply #139 on: June 04, 2026, 10:33:48 AM »
Quote from: utee94 on June 04, 2026, 12:10:44 AM
What do you call something that is priced artificially low for decades and dosesn't track the rising cost of the manufacturing inputs?

Loss leader?

I think we'd also want to look at other factors, like minimum wage and others that affect how a business like McDonald's prices their menu.  I don't know a ton about the fast-food industry, but I know there are usually a number of things that set the price point, only one of which is corporate greed.  

My contribution to the "problem"--as with Subway--is I quit eating at McDonald's decades ago.  Not really for any statement or voting with my dollars....mostly 'cuz the food sucks.  
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