No problem, as salaries also trippled in that time
Tap for spoiler
/s
this post was submitted on 26 Apr 2025
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Maybe not tripled, but making 7.25-10/hour was pretty common in 2008. The standard today is 15-20/hour at fast food.
I'm aware this doesn't justify tripling the price. Even 3x wages would not triple the cost of the burger.
Yet $7.25 is still the federal minimum wage today
Yea pretty fucked up.
They created like 40% more money supply in the span of a single year. It then rises at about 10% a year on average, due to a CPI that does adjustments at the whims of some entity whose goal seems to be to understate inflation.
Wow, so I did tha math. The official inflation rate factors up to just over 1.5 (50% increase) over the past 16 years. But this meme suggests a factor of 3.58!!! (258% increase)
The official inflation rate doesn't include food or energy. It's ridiculous.
Food and products have 2.3x'd since just before covid started.
The most funny thing was the "I can't eat an iPad" reply, when someone from the Fed tried to explain these mental gymnastics
https://www.wsj.com/articles/SB10001424052748704893604576199113452719274
It does include food and energy, but they also separately report a "core" inflation that excludes those items because food and energy tend to go up and down.
Or up and less up
Looking at beef in particular, a pound of ground beef has gone up from $2.10/lb in 2008 to $6.20 in 2025.
Chicken breast, on the other hand, has gone from $3.50/lb to about $4.10.
Beef has been getting more expensive faster than inflation basically my whole life, while stuff like chicken, milk, and eggs have been volatile, jumping up and down at times, and stuff like rice and flour have long periods of stability with the occasional big permanent jump.
It was on a famous show.
Itβs prepared food, so the price also depends on wage increase and changes to tip structure in that state. Several states began fair wage for servers after 2008, so the gratuity may now be included in the price of the meal.
AI burger meat is my favorite.
That's good, cause it's all we'll be able to afford in a few years.
You mean your cheese slices don't have more than 4 points?
Being on a food TV show and becoming slightly famous therefor allows you to increase your prices and still keep all the seats filled. The best burger place near me has increased to $10 from $5 over roughly the same time period, in keeping with the increase in beef prices over that time.
According to the US Dept of Labor and Statistics, ground chuck cost $2.83/lb in March 2008, and 5.85/lb in March 2025. If i can basic math, thatβs an increase of ~~206~~ 106%.
Edit: Math hard.
106%
That is an increase of 106%
Well, at least you can do basic logicβ¦
US department of Labor and Statistics
You say? Ooh I know this, a direct Survey can give the enumerator data for a final presentating about the unemployment rate is!
(This has been an Any Austin tribute)
a direct Survey can give the enumerator data for a final presentating about the unemployment rate is!
Forgive me for being dense, but I donβt understand what youβre saying.
Do we really not see that being on that show might have something to do with that?
That seems to track. A local place near me burgers have gone from around 10 bucks about 7 years ago to 17-18 bucks a burger. Seems to be the going rate these days
rotatingsandwiches.com mentioned! Probably one of the best website on the internet icl
I miss in n out but at least my current state has a cheap burger joint. Its not as good but the cheapest option is like 2.50 which im not sure how that's financially possible tbh
Man in my country the trash burger joints (the burgers are good they just look or feel nothing like classical burgers, they put in a ton of salad and shit to make it bigger) used to do 1.80 and such. The most famous one did a gigantic one for I think 2.50 back in.... 2013. Same burger now is 6.50
In our case the minimum salary has nearly tripled, so it's kinda OK, but it's kinda sad that economic growth is just canceled out by rising prices.
hail corporate
Interior to Whataburger
$10 Aud gets you a proper burger in Oz at a bakery or takeaway spot, you'll pay $20+ Aud inc chips/fries in a pub/bistro, but either way you have to tackle them to stop them putting fucking pickled beetroot on it first, dark times all round indeed..
Guess what will happen to food prices in the US when farmers cannot exploit cheap migrants anymore...
Not to worry - they'll be replaced with children and prisoners and robots.
In Pulp Fiction (1994) John Travolta's character freaks out over the "5$ milkshake".
But I want to know how Bitcoin could be doing so well, it makes no sense, what demand is there for a finite commodity to store their value?