A banana pricing story.

JeromeBarry1

http://www.aei.org/publication/the-miracle-of-the-marketplace-brings-bananas-to-your-local-grocery-store-from-thousands-of-miles-away-for-pennies

kendahlj

Bad link

JeromeBarry1

Except when I clicked the link it didn't work.
The bottom line is that the price trend of bananas is relentlessly downward. At the average American income of $21.58, the time cost of a banana is 25 seconds.

JeromeBarry1

kendahlj wrote: »

Bad link

It works now.

lemurcat12

History of the banana market is not pretty, though.

Here's a review of How the United Fruit Company Shaped the World, by Peter Chapman.

http://www.nytimes.com/2008/03/02/books/review/Kurtz-Phelan-t.html?_r=0

Mentioned just because it's interesting and worth knowing about.

PaulaWallaDingDong

This lady is a big fan of banana pricing. It's how she ripped off the grocery store for a few hundred bucks (but got caught). http://m.norwichbulletin.com/article/20111015/NEWS/310159966