The boring hypothesis neither has to do with growing demand or signaling impressiveness, but with society generally getting better at food logistics over time, so being able to ship more fancy stuff for more reasonable prices.
Indeed, the price premium of organic foods has been shrinking. I tried to find price data for processed/non-processed foods, but couldn’t find any, so this is what we have for now.
The boring hypothesis neither has to do with growing demand or signaling impressiveness, but with society generally getting better at food logistics over time, so being able to ship more fancy stuff for more reasonable prices.
Indeed, the price premium of organic foods has been shrinking. I tried to find price data for processed/non-processed foods, but couldn’t find any, so this is what we have for now.