Follow-up to this post
One consequence of the pandemic still in force today is shipping industry turmoil. It's big in the news because it affects prices that we all pay (the cost of shipping a product from its overseas factory must be covered by the retail price that your store charges you for the product).
Here's how much retailers paid in overseas shipping cost to get these eight common products for you, an increase factor of about ten:
- Couch - $50 in 2020, $516 in 2022
- Fridge - $58 in 2020, $596 in 2022
- Air fryer - $0.48 in 2020, $5 in 2022
- 49" TV - $4 in 2020, $45 in 2022
- 8x10 rug - $5 in 2020, $56 in 2022
- Coffee maker - $0.50 in 2020, $5 in 2022
- Wooden desk - $2 in 2020, $21 in 2022
- Crib - $5 in 2020, $60 in 2022
(cont'd tomorrow)
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