“Almost all food items have gotten much cheaper, relative to our incomes, than they were a century ago. But some food prices fell faster than others, and chicken and eggs were among those that saw the greatest improvements, thanks to a combination of agricultural innovations,” she wrote.
Moving chickens indoors to protect them from predators and giving them artificial light to extend the laying season have led to greater production.
Finally, she makes this point: “But the benefits of this revolution have also been enormous. In 1905, an average male factory worker older than 16 took home $11.16 a week, enough to buy about 41 cartons of eggs. Today, the median man earns $1,176 a week, enough to buy more than 275 cartons of eggs, even at today’s elevated prices.”
She concludes: “If you can’t help cringing when you see the cashier ring up eggs that cost twice as much as they did a year ago, it might help to remember that however poor you feel, your ancestors would have taken one look at your grocery cart and declared you rich beyond their dreams,” she wrote.
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Farm Action, a farmer advocacy group, has a whole different theory for the price hike. The group says the “real culprit” behind sky-high prices is a “collusive scheme” among top U.S. egg producers to fix prices to gouge consumers.
In a
letter to the Federal Trade Commission (FTC) last month, Farm Action said the alleged collusion has helped egg producers to “extract egregious profits reaching as high as 40%.”
And the letter said avian flu is not to blame.
“Examining publicly-available financial data from the egg industry, the letter determines that the supply disruption caused by the avian flu outbreak had an ‘apparently mild impact on the industry,’” the group said in a press release.
Plus, the group said egg producers like Cal-Maine are making money hand over fist.