Food Prices Relative to Average Hourly Wages, United States, 1919-2019

Note: Hourly wage was $0.43 per hour in 1919 and $34.33 per hour in 2019.Source: The Simon Project, Human Progress. Due to a variety of technical improvements in agriculture, transformation, and distribution, the time price of food has declined across a wide range of items. The time price refers to … Continue reading Food Prices Relative to Average Hourly Wages, United States, 1919-2019