Prices are going up worldwide. Oil, wheat, rice … everything but the price of lobster dinner. A lobster population boom has lowered prices in supermarkets but the price of a lobster dinner in a U.S. restaurant remains high. That’s because “… economically speaking, lobster is less like a commodity than like a luxury good,” writes James Surowieki, “which means that its price involves a host of odd psychological factors.” Find the fishy financial facts here:
“Clawback,” James Surowieki, The New Yorker
Related:
“Your Lobster Roll Is A Rip-Off,” Alexander Abad-Sandos, Atlantic Wire
“”Lobster Supply Chain,” [Infographic] Michael Fisher, Portland Press Herald
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Image (“Lobster on the Hoof, after Arthur Loomis”) by Mike Licht. Download a copy here. Creative Commons license; credit Mike Licht, NotionsCapital.com
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