Thread by @jbarro

I haven’t seen a great account of what’s happening to all this food. Are we just eating all of it? (Some of it could be purchases of higher quality foods, rather than just higher quantities.)

https://twitter.com/mattyglesias/status/1491397702432993285

And that doesn’t just have to mean, like, raspberries instead of apples. If the basket of foods bought at supermarkets switched toward prepared foods, it could be the same raw materials from the supply chain, with value added by supermarkets’ or their wholesalers’ employees

Some of you are suggesting it’s an offset for restaurant dining but as @RyanRadia notes, there’s no drop off in restaurant spending to offset anymore. (This chart is inflation adjusted.)

via @Wertwhile, a large fraction of the jump may be due to persistently higher SNAP benefit payments

https://twitter.com/wertwhile/status/1471132327011131395