I remember getting a hamburger & French Fries at McDonalds in San Jose, Calif in 1966 for $0.18.
Inflation sucks:
Inflation: the gift that never stops giving, to the government. The ruling elite has protected itself from rising prices by giving themselves “Cost of living adjustments” in their salaries and pensions. Rising prices allow the economists to crow about how the economy is “growing”, when all that is happening is that the numbers are increasing due to the decreased purchasing power of currency. The constantly decreasing value of savings tends to reduce a lifetime’s work effort to zero value. This makes the elderly, who are not allowed to work, more dependent on the fucking government.
I usually stop and get an egg mcmuffin every Sunday on my way to Church. I have for years. I’ve noticed they’ve been going up about a nickle every two or three weeks for the last 6 months, at least.
I've never heard of Global Macro Monitor in my life, but — based on this story — I question the quality of their thinking.
In-N-Out has always paid more than its competitors, because they are busy, the kids are really nice, and the stores make a lot of money.
blam:Yes, I miss the gold-backed dollar as well.
"Does anyone remember the days of a $.35 Big Mac? "
I remember getting a hamburger & French Fries at McDonalds in San Jose, Calif in 1966 for $0.18.
The sit-down restaurants are hiring fewer staff because of the minimum wage hike. As a result, longer waiting times to have your order taken, to have your meal delivered to your table, and and the food is not as good anymore,
>>>If...the company can pass it on in higher prices, inflation cometh is here, folks.
That’s a big if. Restaurants and grocers have not been able to pass on the higher costs.Instead, they are seeing tighter margins
A bag of burgers for $1
The big caveat to that is - you have to trust the Government's inflation statistics. Many people do not.
“Carrolls”; Change back from your dollar in the 70’s
Dumb article. Companies can pay employees what they please and charge what they please. If you think a certain company charges too much, don’t buy their products.
Its technically not “inflation” (the same way Depression level type real unemployment also isn’t the quoted ‘People ON paid unemployment’ government statistic — the Obama Depression lasted so long that the 99-week max ‘unemployment’ ran out for most of the real unemployed years ago — so IS NOT COUNTED)
In any case Obama&co energy regulation driving up energy costs (which affects EVERYTHING) and Obama&co socialize medicine (which likewise affects everything) have driven up Consumer Costs significantly, while ‘inflation’ (the misleading government statistic) has been near ZERO for quite a few years.
Sometime in the future Trump should expose these dishonestly quoted statistic and let the American public understand that they have been lied to (possibly another reason so many RINOs hate him cuz he might put the blame on them also for this government dishonesty).
I do.
Worked at one when they were that price.
Hey Bill, You’re missing something.
In 1966, the National average wage was $4,938.36.
.18 is 0.00364493476% of 4938.36.
Today a McDonalds cheeseburger is $1 on the dollar menu and a small fries is $1.39 for a total of $2.39.
The National average wage for 2017 is $48,642.15.
2.39 is 0.00491343413% of 48642.15 So the price is basically the SAME.
When we remember (usually fondly) the previous price of things, we tend to forget how little we made in our salaries!