About this episode
The episode discusses the economics of snack chips with guest Jake Stenton, exploring consumer spending and price inflation over the years.
Along the Food Chain with Michael Olson… #1411 The Snack Chips Man Jake Stenton, President Natural Bridges Company You stand in front of the grocer’s selection of snack chips and think, ‘A penny’s worth of potato in a bag that costs a buck!’ We Americans eat about $50 billion dollars worth of snack chips every year. That pencils out to about $167 per person per year. And the price of those bags of snack chips keeps going through the roof. According to the U.S. Bureau of Labor Statistics, a bag of chips that cost $6.75 in 1977 would cost $33.39 today! That so much money is spent on those bags of snack chips, leads us to wonder: What would it take to bag up some chips and sell them?
People in this episode
Host: Michael Olson
Guest: Jake Stenton
Topics covered
- snack chips
- food industry
- consumer spending
- inflation
- business
- interview
Keywords
- snack chips
- Michael Olson
- Jake Stenton
- Natural Bridges Company
- consumer spending
- inflation
- food industry
Mentioned in this episode
Organizations: Natural Bridges Company
Places: U.S.
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