Friday, April 22, 2016
It’s hard to be too angry at consumers. To be sure, they probably should have known that you couldn’t really buy organic, locally sourced food year-round at just a smidge more than you’d pay for a regular meal. After all, the average American spent half their income on food in 1900, while the modern American now spends a paltry 12 percent, even including a lavish helping of restaurant meals. That should give us some sign that local, artisanal food is not going to be cheap. But most Americans are not economic historians.
-Megan McArdle, as excerpted from her post "Dining Out on Empty Virtue"