Industrial canning and transportation by steamship and
railroad developed in the mid-1800s. Inland, where a person would never in
their lifetime see a live lobster, canned lobster was a reasonably priced
commodity. The Burnham & Morrill Company was one of the early lobster canneries
in existence in Maine, now better known for its B&M baked beans. Lobsters
were still so plentiful that anything under three pounds was thrown back as not
worth the labor needed to remove the meat for canning. Upper-class restaurants
in Boston and New York began offering fresh-cooked lobster. The doings of the
well-off were grist for gossipy newspapers, then trickled down to the upper
middle classes.
Lobsters can exceed 25 pounds and be more than 50 years old.
Thorstein Veblen, a noted economist and sociologist best known
for his 1899 book, The Theory of the Leisure Class, popularized the concept of “conspicuous
consumption.” The term refers to spending money on luxury goods and services to
publicly display economic power. While initially applied to the very wealthy,
who might have large properties, yachts, etc., in this country it expanded in
time to the fuzzy-edged definition of middle class, where discretionary income
(or modest inherited wealth) allowed displays such as trading in for a new car
every year or two, vacationing in Europe – and serving lobster (or caviar, or
expensive wines) to one’s guests at celebratory events.
The economists’ term “Veblen goods” applies to types of
luxury goods for which purchases increase as prices increase, thus running
contrary to the normal laws of supply and demand, which dictate that purchases
decrease as prices rise. For luxury goods, higher prices make products
desirable as a status symbol. Manufacturers abet this trend by deliberately
limiting supply, per prestige clothing, or else the supply may be naturally
limited. Oddly, when the price of a luxury item decreases, its prestige may suffer
and demand decline.
Six Maine (Portland-bought) lobsters transported across state lines to Massachusetts, for a celebratory group dinner. |
The current world market situation for live lobster is
interesting. Last year, the abrupt imposition of a Chinese 25% tariff on
lobster imports from the U.S., in response to the trade war started by the U.S.
government, the market for shipping live lobsters to China, which was
approaching $100 million per year, crashed to near zero (Canadian lobster
filled the gap). The sudden surplus depressed market prices. A year later, the
tariff is still in place, but the industry adapted. “Boat price” increased from
$3.92 per pound in 2017 to $4.05 in 2019 despite a larger harvest, and more to
the point, growth for demand for frozen lobster tails and trendy restaurant
offerings such as lobster tacos absorbed the surplus. As of June 2019, local
supermarket prices for live lobster are $10-12 per pound. Going forward, a new
problem affecting lobster harvesting is a shortage of bait for the traps.
Quotas are being set for herring catch, which will translate to higher lobster
prices as substitute bait is purchased.
Returning to the premise of the column title, “Never Eat
Lobster Alone,” as noted, today, lobster is strongly identified as a prestige
food and a celebratory food, meant to be eaten in public restaurants, where
people can be seen by the less fortunate. Even when purchased for consumption
at home, the prevailing practice is for a couple (or family) to eat lobster
together on special occasions. This shared consumption is a self-confirmation
of worthiness and good fortune. For all these reasons, eating a lobster alone,
whether at a restaurant or at home, is counter-productive to the very idea. The
mouth may say “Yes,” but the brain will say “Sad.”
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