An unprecedented lockdown of business and public life like we had in 2020 affects us all in ways that are inevitable. One of those effects is higher prices of goods throughout the economy. You've seen this where you live. In groceries? Sure.
Every fall the U.S. Farm Bureau analyzes food prices to tell us how much a typical Thanksgiving dinner costs us compared to previous years. That number often falls, but not this year. Their survey finds that our holiday dinner for ten in 2021 costs $53.31, a 14% uptick from 2020.
On the other hand, wages (blue collar hourly wages) have gone up too, so the work-time cost has gone up less than 14%.
Compared to the year 1986, the cost in work-time based on wages is way lower.
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