Pizza Prices Rise – Economic Woes Accelerate
The price of a regular pie of pizza is rising 10%. A regular pie of pizza at of beginning of 2008 was around $13.51, and the new price in my neighborhood is going to be $15. The price of pizza is directly tied to the price of cheese, bread, produce, and fuel costs therefore the increasing costs are clearly being passed onto the consumer. In general increasing prices in not a bad thing, and is a sign of a growing economy. Although when increasing prices are accompanied by a lack of increasing capital availability (ie. wages) the result is inflation. Coupled with a crumbling job market, stagflation is the biggest woe of the US. I graduated with a Bachelor of Science in Electrical Engineering over 1.5 years ago. There are negligible engineering jobs available, and I speak from a matriculated perspective. I am experiencing stagflation already. I am currently employed as a pizza delivery guy, with a bachelors degree. Welcome to a America, the land of stagflation.
