So oil now down below $30 and foods...goods...services still skyrocketing

Discussion in 'Economics' started by S2007S, Feb 11, 2016.

  1. zdreg

    zdreg

    not true. have you ever studied milton friedman, the father of the monetary school of economics. provide a citation for your remark which is just plainly incorrect.
     
    #11     Feb 11, 2016
  2. Handle123

    Handle123

    The cost of grains, coffee are near 9 year lows, Meats, softs are way off the highs and with reduction of fuel, freight charges are cheaper. But grocery stores have not come down in cost of food and I don't see restaurants going down in cost either, grocery stores simple don't make much after all of their cost to stay open, like 5-10% profits. So I just think it is a time where they either are making more or wholesalers are not passing on the savings.

    What a racket with pizza, I often wonder what it really costs to make one pizza without the overhead, then add overhead, is it possible to be netting $5 bucks a pizza? Coffee at 9 year lows, you see Starbucks going down in price, hell no, their stock should be triple.
     
    #12     Feb 12, 2016
  3. clacy

    clacy


    The restaurant business is pretty low margin usually.

    If pizza was such a "racket", you would see a lot of rich pizzaria owners. Pizza prices at many of the chain restaurants are comparable or lower in some cases than they were 10-15 years ago.

    Your employees are usually stealing, food costs, payroll, rent, equipment upkeep, marketing, etc.
     
    #13     Feb 12, 2016
  4. Handle123

    Handle123

    You own a restaurant, your office should be big enough for sleeper, you are so right the employees rip you off out back door. If I opened a restaurant, it be next to my laundromat, and restaurant close at 3pm.
     
    #14     Feb 12, 2016
  5. bouncing today
     
    #15     Feb 12, 2016
  6. zdreg

    zdreg

    you need to own a chain of pizza stores and rotate your personnel between stores and have cameras all over the place.
     
    #16     Feb 12, 2016
  7. Pizza is a pretty interesting case study...Little Caesar's can sell a decent sized pizza for $5...Yet, go into any locally owned pizzeria and it's probably close to $5 for a slice...Economies of scale I suppose.
     
    #17     Feb 12, 2016
  8. zdreg

    zdreg


    $5/slice, where?
     
    #18     Feb 12, 2016
  9. I would say that I've paid roughly $4.00-$4.75 (not including sales tax) at about the last six pizzeria's I've visited in the past few years...OTOH, I can get a slice at Costco for $2.00 and it's not bad...Where? Midwest US
     
    #19     Feb 12, 2016
  10. zdreg

    zdreg

    sounds like you added a whole lot of toppings including a naked woman.

    even in NY:
    After cleaning up the data and doing my best to find prices for just cheese/plain/regular slices I found that the mean price was $2.33 with a standard deviation of $0.52 and a median price of $2.45. The base subway fare is $2.50 but is actually $2.38 after the 5% bonus for putting at least $5 on a MetroCard.
    http://www.jaredlander.com/2014/05/average-cost-of-a-new-york-slice-in-2014/
     
    Last edited: Feb 12, 2016
    #20     Feb 12, 2016