In this episode of "Beat Capitalism," the hosts explore how the rising prices of chicken and eggs reflect larger economic patterns. They discuss the "chicken sandwich wars," which revealed that consumer demand for chicken remains strong despite price hikes. The recent spike in chicken wing prices, fueled by supply chain challenges and growing demand, highlights a trend where companies prioritize price over volume. Additionally, the avian flu outbreak has driven up egg prices, exposing the concentrated nature of the egg market and how multiple economic crises can influence pricing. The podcast suggests that during tough times, consumers are more likely to accept price increases, resulting in reduced price sensitivity and potentially higher profits for businesses, even when their costs go down.
