Meat sticker shock hits as the labor shortage continues…AP: Huh. Maybe we shouldn’t spend $5 trillion with this much inflation

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Meat sticker shock hits as the labor shortage continues

Prices for prime cuts of meat are up by as much as 25% with farmers and consumers taking the hit.

Tom Eikman, owner of Eikman’s Processing in Seward, Illinois, a small-sized, third-generation meat processor, said that a shortage of skilled meat handlers and rising costs are plaguing the industry.

“We need those individuals that can take a front quarter of a beef and can break that down into ribeyes and chuck roasts and ground beef. We’ve been constantly trying to find that labor source and striking out,” Eikman said.

Eikman has a theory that many of the longtime guys who did the skilled meat processing jobs retired early because of the pandemic. Workers make $18 an hour at Amazon. Some are not keen on standing on their feet in icy facilities, lifting 70-pound meat carcasses for less money.

AP: Huh. Maybe we shouldn’t spend $5 trillion with this much inflation

We learned yesterday from the CBO that Joe Biden’s “Build Back Better” spending boondoggle would actually add three trillion dollars more debt to the country than had been advertised, once all of the budget gimmicks and sleight-of-hand language was stripped out of it. That news came on the heels of a report that inflation had hit a level not seen in almost forty years. (I lived through that inflation explosion and I can assure you that it was no fun.) These events have forced even some of Joe Biden’s most ardent cheerleaders in the media to take notice. Last night the Associated Press was compelled to ask what really should have been an obvious question all along. Is this really the time to be setting another $5 trillion in magical money on fire? And will King Joseph of West Virginia really go along with this plan?

A report showing inflation rising at its fastest rate in nearly four decades raised fresh questions Friday about the fate of President Joe Biden’s social and environment legislation, with both sides hoping it would influence whether pivotal Sen. Joe Manchin will back the proposal.

The moderate Manchin, D-W.Va., has spent months forcing Democrats to trim the 10-year, $2 trillion package’s size, citing rising inflation as a reason to slow work on the bill. On Friday, the government said consumer prices grew last month at an annual rate of 6.8%, the highest in 39 years.

Manchin aides did not immediately respond to requests for comment from the lawmaker. On Thursday, he said in a brief interview that he was “very concerned” about the inflation report.

JOLT: Inflation highest since 1982…

See also  China has been supplying the world with cheap labor, thereby exporting disinflation… however demographics in China are rapidly changing… to the extent that deaths exceeded births in the last year

Tampa Tops Major Cities at 8%…

Sticker shock!

Challenges Biden agenda, but president says worst will soon pass…

Stock-Market Bravado Tested as Bonds Flash Fed Policy Danger…

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