6 random things for Friday (bacon prices, retail jobs, Thomas Sowell on ‘privilege’)

News Story of the Day: are you a fan of bacon? Do you prefer a BLT or just bacon and eggs? Well, there is good news for you: bacon prices are plummeting.

Since the end of July, bacon prices have plunged more than 30 percent, and there are no signs of it slowing down. This is a complete reversal of the first half of 2017, when bacon prices surged because of immense demand.

Zero Hedge writes:

More good news for Americans with stagnant wages!!

But, given that Janet Yellen and her merry band of piss-poor-prognisticators are desperate for transitory lowflation to pick up (remember they blamed the current downturn on unlimited phone plans), she may have a problem. With food accounting for 14% of the US CPI basket, it is not completely devastating, but does not help Yellen’s cause.

Chart of the Day: the state of the retail sector has dramatically transformed in the last 20 years. As more and more brick-and-mortar stores shut down, there is less of a demand for cashiers, sales associates and stockboys. However, there is a growing demand for non-traditional retail employees, according to this chart:

Screen Shot 2017 08 14 at 3.43.42 PM

Illustration of the Day: the left wants to take down statues, blow up Mount Rushmore and censor books and motion pictures. Here is a cartoon that illustrates what the future looks like:

Quote of the Day: one of the latest buzzwords for the wacky left is “privilege.” If you’re a white male then you have privilege. What’s interesting about the term is that the left always argued that it wasn’t about money – boy, has that changed in the event of BLM’s recent list of pecuniary demands. Well, legendary free market economist Thomas Sowell wrote about privilege in his sublime book “Wealth, Poverty & Politics”:

“Slipper use of the word ‘privilege’ is part of a vogue of calling achievements ‘privileges’ – a vogue which extends far beyond educational issues, spreading a toxic confusion in many other aspects of life.”

Tweet of the Day: school is meant to be a place where you learn about mathematics, history, arts, science and so much more. It is a place that is meant to challenge beliefs, encourage independent thinking, study subject material that will be useful for your life moving forward, and enter into debates on ideas. Well, that is an antiquated idea because they have metastasized into centers of worshiping the state, conforming to your peers and partaking in drag queen competitions.

Here is a tweet that sums it up:

Video of the Day: when you look around the marketplace, what do you think is the most important invention ever created? The smartphone? The desktop computer? The airplane? What about shipping containers? Well, it seems like we would have never thought about it, but shipping containers have been one of the most important inventions in human history.

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