"Dave" wrote in message
...
"Dave" wrote in message
...
"cat daddy" wrote in message
...
Let 'em eat powdered cellulose...

Prices for key foods are rising sharply
http://www.mcclatchydc.com/227/story/18902.html

"Meeting with economic writers last week, President Bush dismissed
several polls that show Americans are down on the economy. He expressed
surprise that inflation is one of the stated concerns.

"They cite inflation?" Bush asked, adding that, "I happen to believe
the
war
has clouded a lot of people's sense of optimism."

Way I look at it there's many things going on that are causing rapid
price
increases of staple foods.
1. Ethanol production raising the price of corn.
2. Increased gasoline prices, where transportation costs were delayed
in
many cases till as of late.
3. Labor involved may have involved minimum wage laborers, this price
offset was delayed slightly until as of late. The minimum wage went up.
This may occur anywhere in the food production, transportation, storage,
and retail levels.
4. Hidden in the price costs, were injected increased prices that may
equal the same or more profit percentile level as before all this.

Yep, Bush is in denial. Again...
Dave



Addendum to 3: Some businesses have wage scale based on worker length of
service. This scale may be adjusted to allow an equal increment of pay
due
to the higher minimum wage. Minimum wage would probably be beginning pay
on
that scale. In this scenario, everyone get's a pay raise.

Some businesses may be having trouble maintaining that scale. The people
toward the bottom of the scale, but not a beginning position, may be
receiving the same pay as the beginner counterparts in years to come.
There's 2 more minimum wage increases to come yet. In effect, the
personnel in the crunch for his junior's pay raise. This is where it
get's
interesting. But, not really a surprise. Happened the long ago previous
minimum wage law change.

Yeah, minimum wage is killing the record oil company profits resulting in
increased transportation costs. Likewise, ADM can barely get by with it's
own record annual results and 303rd consecutive cash dividends to its
investors.

Monsanto? "Monsanto reported record net sales of $2.8 billion for the
third quarter of fiscal year 2007, which were 23 percent higher than sales
in the same period in fiscal year 2006."

Yep, minimum wage must be killing them and dragging down the economy.

Monsanto homepage
http://www.monsanto.com/monsanto/layout/default.asp
" A food staple for much of the world, the biggest use of corn in the US
is to feed livestock."

"They hate our freedoms." - G. W. Bush