Stacy Summary: OMG, cupcakes as a ‘luxury item’ only the 1% can afford. It’s strange how rapidly the American population is turning comfortably third world in terms of living standards. Germany has, for example, introduced a minimum wage for the first time this past week which is nearly double America’s. And yet I never saw German shrieks that it would destroy Germany; whereas in America, even those earning $7+ per hour shriek that they don’t want any more income, they’d rather collect food stamps with which they can’t even afford cupcakes . . . of course, thus exposing the lie pushed by Republicans that those who use food stamps are living it up large. If that were the case then this wouldn’t have happened —->
Typical Americans lack the cash to turn gourmet cupcakes into an everyday purchase, even with celebrities like Oprah Winfrey touting them. That means the market at best was small, said Bonnie Riggs, an analyst at NPD in Rosemont, Illinois.
“You’re not going to be buying these discretionary purchases unless you’re part of the 1 percent,” Riggs said. “It’s not going to be middle America.”