1 00:00:00,080 --> 00:00:03,480 Speaker 1: The price of beef has surged to an all time high, 2 00:00:03,840 --> 00:00:09,719 Speaker 1: and look, life has just gotten unaffordable. I mean, can 3 00:00:09,760 --> 00:00:12,159 Speaker 1: we just say the obvious. For many people, life is 4 00:00:12,240 --> 00:00:17,000 Speaker 1: just simply unaffordable. The beef and veal index rose by 5 00:00:17,000 --> 00:00:20,760 Speaker 1: two point five percent in July. Now you compare that 6 00:00:21,160 --> 00:00:24,720 Speaker 1: broader food was zero point two percent. So you're talking 7 00:00:24,760 --> 00:00:28,840 Speaker 1: a massive spike in the price of beef and veal 8 00:00:28,920 --> 00:00:31,320 Speaker 1: compared to the rest of food, which is expensive in 9 00:00:31,360 --> 00:00:37,360 Speaker 1: and of itself. Eleven point three percent Lopez eleven point 10 00:00:37,440 --> 00:00:41,640 Speaker 1: three percent increase over the past twelve months. So that 11 00:00:41,680 --> 00:00:44,159 Speaker 1: would mean public school math, which neither one of us 12 00:00:44,200 --> 00:00:44,640 Speaker 1: did very well. 13 00:00:44,760 --> 00:00:45,839 Speaker 2: Looking at you, hoping you come up. 14 00:00:45,760 --> 00:00:48,560 Speaker 3: With the answer, well, I mean, let's like, let's a lot. 15 00:00:50,080 --> 00:00:51,680 Speaker 2: To fine it by ten at a little bit. 16 00:00:51,960 --> 00:00:54,440 Speaker 1: Meanwhile, the according to news Week, meanwhile, the price of 17 00:00:54,480 --> 00:00:57,720 Speaker 1: ground beef and uncooked beef steaks has risen by eleven 18 00:00:57,760 --> 00:01:01,319 Speaker 1: point five percent and twelve point four respectively. So think 19 00:01:01,320 --> 00:01:04,800 Speaker 1: about this. If you're going month over month and the 20 00:01:04,880 --> 00:01:08,720 Speaker 1: price is let's just say ten percent, Let's just make 21 00:01:08,760 --> 00:01:11,759 Speaker 1: it easy, right, If a steak was and it's more 22 00:01:11,800 --> 00:01:14,600 Speaker 1: than this, but let's just like say ten dollars. 23 00:01:15,120 --> 00:01:18,160 Speaker 2: Well now it's now it's eleven dollars, yeah, or if 24 00:01:18,200 --> 00:01:19,080 Speaker 2: it's twelve dollars. 25 00:01:19,080 --> 00:01:21,119 Speaker 1: You know, obviously many stakes are much more the sort 26 00:01:21,160 --> 00:01:23,920 Speaker 1: of stakes I get used by tomorrow or they go bad. 27 00:01:24,080 --> 00:01:28,319 Speaker 1: Are And look, you could just extrapolate this out to 28 00:01:28,480 --> 00:01:32,720 Speaker 1: all corners of our society, where whether it's rent, whether 29 00:01:32,880 --> 00:01:36,880 Speaker 1: it's clothing, whether it's food. 30 00:01:36,880 --> 00:01:37,959 Speaker 2: As we're talking about it, you're. 31 00:01:37,840 --> 00:01:40,080 Speaker 3: Stopping grab lunch somewhere, it's seventeen dollars. 32 00:01:40,160 --> 00:01:42,399 Speaker 1: Yeah, unless and you but you did point out that 33 00:01:43,400 --> 00:01:45,160 Speaker 1: the four for ten on the Arby. 34 00:01:45,040 --> 00:01:47,080 Speaker 3: Or for somebody the YouTube check gave you that, Yeah, 35 00:01:47,080 --> 00:01:48,400 Speaker 3: four for ten is back at the Arby. 36 00:01:48,520 --> 00:01:49,920 Speaker 2: I just I don't. 37 00:01:50,200 --> 00:01:52,720 Speaker 1: And look, there's a variety of reasons that are playing 38 00:01:52,760 --> 00:01:56,080 Speaker 1: into this. It's not you know that it's causing the inflation. 39 00:01:57,600 --> 00:01:59,680 Speaker 1: One of the things is demand, which I guess that's 40 00:01:59,680 --> 00:02:02,320 Speaker 1: a good thing that people still want to are capable 41 00:02:02,320 --> 00:02:02,800 Speaker 1: of eating. 42 00:02:03,360 --> 00:02:05,600 Speaker 3: Who are these people that were capable of paying these 43 00:02:05,600 --> 00:02:06,360 Speaker 3: crazy prices? 44 00:02:06,400 --> 00:02:10,239 Speaker 1: You know, I still got just dawned on me. I've 45 00:02:10,240 --> 00:02:13,960 Speaker 1: still got a gift certificate. I won the Saint Elmo's 46 00:02:14,320 --> 00:02:17,799 Speaker 1: Shrimp eating contest at the Women's in It event. 47 00:02:17,840 --> 00:02:20,600 Speaker 3: You identified as a woman, competed, kicked, but got the price. 48 00:02:20,800 --> 00:02:23,080 Speaker 1: I was the celebrity rep on my team. Did I 49 00:02:23,120 --> 00:02:24,440 Speaker 1: not to talk about this on air? 50 00:02:24,480 --> 00:02:25,959 Speaker 2: I think? But you It was probably with the Casey. 51 00:02:26,200 --> 00:02:28,560 Speaker 1: So the Women's In It basketball tournam was at Hinkle 52 00:02:28,560 --> 00:02:31,840 Speaker 1: Fieldhouse in this would have been March. 53 00:02:32,440 --> 00:02:34,360 Speaker 3: Yeah maybe, yeah, I'd been when the tournament happened. 54 00:02:34,400 --> 00:02:36,520 Speaker 1: Property tax thing was still going on, Canna remember that, 55 00:02:36,560 --> 00:02:38,040 Speaker 1: So yeah, it must have been. Must have been March. 56 00:02:38,520 --> 00:02:41,640 Speaker 1: And Saint Elmo's was one of the sponsors, I guess. 57 00:02:41,639 --> 00:02:43,480 Speaker 1: And so that at the halftime at one of the games, 58 00:02:43,680 --> 00:02:46,320 Speaker 1: they had a shrimp eating contest amongst I think it 59 00:02:46,360 --> 00:02:50,880 Speaker 1: was Florida and I remember Minnesota maybe the. 60 00:02:50,800 --> 00:02:53,080 Speaker 3: Two teams participating, right, okay, And so. 61 00:02:53,240 --> 00:02:55,480 Speaker 1: They wanted to quote unquote celebrity on each one of 62 00:02:55,520 --> 00:02:57,840 Speaker 1: the teams. They had fans from those teams, and then 63 00:02:58,160 --> 00:03:01,120 Speaker 1: I was the celebrity for Florida and Minnesota had I 64 00:03:01,120 --> 00:03:03,200 Speaker 1: think somebody from Fox fifty nine was on their team, 65 00:03:03,480 --> 00:03:06,520 Speaker 1: and so we smoked them and was it sauce and everything? 66 00:03:06,680 --> 00:03:08,880 Speaker 1: Oh yeah, oh yeah, it was the whole deal. I 67 00:03:08,880 --> 00:03:11,040 Speaker 1: think each person had four of the shrimp. The jumbo 68 00:03:11,040 --> 00:03:11,760 Speaker 1: shrimp in. 69 00:03:11,760 --> 00:03:14,520 Speaker 2: The sauce already that they had. The sauce was on 70 00:03:14,600 --> 00:03:15,919 Speaker 2: top of the thing. Wow. 71 00:03:16,120 --> 00:03:20,080 Speaker 1: So luckily I had done this with Hammer years ago 72 00:03:20,840 --> 00:03:24,239 Speaker 1: when Nigel's imagine this, Nigel was not here. Oh, by 73 00:03:24,280 --> 00:03:28,000 Speaker 1: the way, two thousandth episode of Nigel Today, big episode 74 00:03:28,040 --> 00:03:30,800 Speaker 1: for them. We're gonna have all sorts of old bits, 75 00:03:31,320 --> 00:03:33,760 Speaker 1: special guests from the past. They got a big show 76 00:03:33,800 --> 00:03:36,280 Speaker 1: coming up today, episode number two thousand. But Nigel's not here. 77 00:03:36,400 --> 00:03:38,360 Speaker 1: When Joey Chestnut was in town for one of the 78 00:03:38,360 --> 00:03:44,320 Speaker 1: big ten eating events and we had a shrimp eating 79 00:03:44,320 --> 00:03:47,120 Speaker 1: contest and armored Joey Chestnut being here, and so I 80 00:03:47,160 --> 00:03:49,200 Speaker 1: had I won it met I beat Hammer. Can you 81 00:03:49,200 --> 00:03:51,800 Speaker 1: believe that in an eating contest? Hammer lost another one? 82 00:03:51,840 --> 00:03:52,080 Speaker 2: I heard? 83 00:03:52,200 --> 00:03:55,360 Speaker 1: So yeah, So I had been I'd been through this before. 84 00:03:55,400 --> 00:03:57,200 Speaker 1: I knew what I was getting into, and so I 85 00:03:57,280 --> 00:03:58,640 Speaker 1: was the cleanup batter for our team. I was the 86 00:03:58,680 --> 00:04:00,680 Speaker 1: last guy to go, so we won the ship beating contest. 87 00:04:01,000 --> 00:04:04,440 Speaker 1: I got a gift certificate to Saint Elmo's Saint Elmo 88 00:04:04,600 --> 00:04:06,960 Speaker 1: and I've yet to use it yet, So I need 89 00:04:07,000 --> 00:04:07,520 Speaker 1: to get on that. 90 00:04:07,760 --> 00:04:08,280 Speaker 2: At some point. 91 00:04:08,280 --> 00:04:10,840 Speaker 3: You're never going to go in there. Well it's it's 92 00:04:10,880 --> 00:04:13,920 Speaker 3: great food, but you're frugal. Well, but I think the 93 00:04:13,960 --> 00:04:16,520 Speaker 3: gift certificate would cover the thing. The problem is my 94 00:04:16,680 --> 00:04:19,719 Speaker 3: wife knows I got that gift certificate and she wants 95 00:04:19,760 --> 00:04:21,680 Speaker 3: to go with me, and so she'd be very mad 96 00:04:21,720 --> 00:04:23,240 Speaker 3: if I went and just used it on my Yeah. 97 00:04:23,080 --> 00:04:24,560 Speaker 2: That's my good deed for the day. Take her. 98 00:04:26,000 --> 00:04:29,920 Speaker 1: But the point is like just just eating out. I mean, 99 00:04:30,000 --> 00:04:33,160 Speaker 1: we've seen the closure of these sort of mid tier restaurants. 100 00:04:33,160 --> 00:04:35,080 Speaker 1: The top seem to be doing okay. The fast food 101 00:04:35,120 --> 00:04:37,400 Speaker 1: places are seem to be doing all right, but these 102 00:04:37,440 --> 00:04:40,960 Speaker 1: mid tier restaurants, you know, the the O Charlie type places, 103 00:04:41,560 --> 00:04:42,600 Speaker 1: many of them are in real I. 104 00:04:42,520 --> 00:04:44,920 Speaker 3: Mean even so, I have the McDonald's app and they 105 00:04:45,000 --> 00:04:48,039 Speaker 3: use they offer like in app rewards, and I've seen 106 00:04:48,120 --> 00:04:51,480 Speaker 3: the reward go from like twenty five percent to twenty 107 00:04:51,520 --> 00:04:53,480 Speaker 3: percent off to now it's fifteen percent. 108 00:04:53,240 --> 00:04:54,800 Speaker 2: Off because they simply can't. 109 00:04:55,360 --> 00:04:58,880 Speaker 3: They're losing money giving the given the Yeah, so it's 110 00:04:58,880 --> 00:04:59,279 Speaker 3: gone down. 111 00:04:59,320 --> 00:05:01,440 Speaker 2: Even that's gone down a couple months, and then it 112 00:05:01,480 --> 00:05:02,240 Speaker 2: comes back to in casey. 113 00:05:02,279 --> 00:05:04,720 Speaker 1: I talked about this the other day about the I 114 00:05:04,760 --> 00:05:06,280 Speaker 1: can't remember how I got on this, but we're talking 115 00:05:06,320 --> 00:05:10,039 Speaker 1: about the people who are working these When I was 116 00:05:10,040 --> 00:05:12,920 Speaker 1: a kid, they were high school type jobs, right, and 117 00:05:13,000 --> 00:05:15,680 Speaker 1: so many young people. I can't remember how we got 118 00:05:15,680 --> 00:05:17,520 Speaker 1: on this. It was something we were disparaging young people 119 00:05:17,560 --> 00:05:22,479 Speaker 1: probably and they probably deserved it. But how those people 120 00:05:22,480 --> 00:05:25,159 Speaker 1: aren't entering the workforce because COVID taught them, well, you 121 00:05:25,160 --> 00:05:25,680 Speaker 1: don't have to. 122 00:05:25,600 --> 00:05:27,680 Speaker 2: Work, and places are paying a little bit more. 123 00:05:27,720 --> 00:05:30,719 Speaker 3: So now you're getting the adults that'll go for seventeen 124 00:05:30,760 --> 00:05:31,600 Speaker 3: I'll work at Chick fil A. 125 00:05:31,760 --> 00:05:34,159 Speaker 1: But that's part of the problem, right, If you're paying 126 00:05:34,200 --> 00:05:35,760 Speaker 1: these people x amount what you have to do to 127 00:05:35,760 --> 00:05:38,120 Speaker 1: get adults to come in, it's going to rise. 128 00:05:38,160 --> 00:05:40,240 Speaker 2: The price of all the food is going to rise. 129 00:05:40,279 --> 00:05:43,600 Speaker 1: The price of everything, which is why I don't go 130 00:05:43,640 --> 00:05:46,400 Speaker 1: anywhere with that a coupon wherever the cub ons come from. 131 00:05:46,640 --> 00:05:48,880 Speaker 2: That's what we're doing. That's what we're doing. Jerry