Richard Volpe

Professor in the Agribusiness Department at Cal Poly and former USDA Economic Research Service economist, offering analysis on food prices, shrinkflation, and consolidation in the food system.

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Dec 3, 2025 • 35min

How The Idea Of Affordability Is Shaping Our Politics

In this insightful discussion, Jared Bernstein, former chair of the White House Council of Economic Advisers, unpacks the emotional toll of affordability on Americans. Mike Kinsella reveals a staggering 3.8 million home shortfall, stressing its impact on rentals. Annie Lowry explores the link between rising inequality and stagnant wages as core affordability issues. Richard Volpe exposes the reality of shrinkflation and entrenched high grocery prices, urging policy scrutiny to foster competition in the food market. Together, they navigate the urgent need for systemic change.

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