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...when inflation changes relative prices, there is price resistance among consumers who are used to the old menu of prices. All along the chain of production, the manufacturers then look for ways to increase sales. They cut down the sizes of servings and packages. They reduce quality. They employ additives. They put in fake ingredients as substitutes for the real thing. They cut down on cleanliness. Antibiotics in the food chain fits this pattern. And in industries that employ union labor whose working conditions are protected by government, employers substitute away to machines, or growth hormones in the case of cattle, or less experienced labor. Shame on the economics profession for not having studied these alterations in depth, but most economists, believing that inflation is neutral and doesn’t affect relative prices, never consider these kinds of effects.
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As high beef prices produced buyer-resistance, the industry altered its practices in order to battle the high relative prices. The FED’s inflation impacted the quality of the products in many industries.-Inflation and Bacteria
Researchers have found high levels of bacteria in meat commonly found on grocery store shelves, with more than half of the bacteria resistant to multiple types of antibiotics, according to a study released on Friday.
While the meat commonly found in grocery stores is still safe to eat, consumers should take precautions especially in handling and cooking, the chief researcher for the study said.-Bacteria in grocery meat resistant to antibiotics
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