Posted on 07/11/2013 6:22:37 AM PDT by servo1969
“Lets say a hamburger today costs $2”
say WHUT?
You must not get out much. I have 2 teenagers.
Lets work on consumer math first
A McDonald’s burger now costs from $5+ and up (make it a meal and add $3) except for occasional specials
a junk food “meal” (occasional treat) for my family of 3 runs almost $30.
So we stopped going except for milkshakes. The fries suck now anyway.
The McD parking lot is now emptier than ever and there is no drive through line anymore
end of consumer math 101
now the prevailing wage there is about $8 an hour
So extrapolating the cost of a sammich when the help gets paid double what they make now, no matter what, the sales volume goes down. Oh and the restaurant owner gets hit with his $100K annual rain tax here in MD aside from that. No obamacare - everyone goes part time
this isnt math, it’s economics and I bet McD has calculated how much business they lose everytime a burger goes up a penny
when wages double to $14 an hour you figure a $2 burger(which doesnt exist) goes up $.67 ... so how much does a $7 burger go up?
Maybe not so much- maybe the iconic Big Mac becomes a loss leader and they raise the price of coffee, fries and soda and stop giving out ketchup (in drivethrough you have to ask now) to try and stay in business.
Still the restaurant business drops ... by what?
Couple hundred thousand a year?
How many new employees you figure they hire (or keep) for that wage $14 an hour to handle that drop in business?
If 3 people could run an entire McD then maybe they could pay them $50 an hour. Maybe they go even more automated and hire less people
Might not be fast food anymore and dozens of former workers out on the streets again
Economics: even extra $.67 makes people stop buying. Eventually business changes or dies. Economics does not behave like math. it is an art, not a science!
btw pedantic sarcasm makes FR a lot more miserable than “misguided logic”
I am an engineer I deal in facts and math, you are being emotional about it. You need to take basic mathematics. Go to a local community college. Please retract you 20 dollar hamburger statement, it is embarrassing.
That is part of the problem. The world we live in has too many workers for too few jobs. As a result, there is too much competition for jobs and the excess workers fall behind. Money and power are concentrating upward. The answer is that people need to keep their spending as local as possible, and object to invader labor replacing US citizens. So in that way, you're correct. If people shop at WalMart, they're supporting their wage structure. I do not.
Good for WalMart.
Minimum wage laws accomplish 3 things -
decrease the number of entry level jobs,
Increase the number of people on the public dole,
Increase the incentive to hire illegals ‘under the table’.
“How does anyone live on even $12.50 an hour in DC?”
They don’t. It’s one of the most expensive places to live on Earth. If you can’t generate enough economic value to live there, don’t live there. Yes, moving IS an option.
You don’t live on 12.50. The two of you live on 25 or the three of you live on 32.50. you qualifiy for low cost housing food stamps and utility assistance.
You just don’t have a clue, do you?
We disagree. There are conservatives who do not support exploitative Cheap Labor.
You are no conservative.
It depends on how you define "conservative". I'm certainly no globalist.
You must be female because you insist on having the last word.
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