Posted on 08/09/2021 8:51:35 AM PDT by ChicagoConservative27
““15 bucks an hour = Inflation”
If inflation eats away at the earning power of $15, better raise the minimum wage above $15.”
Big Mac, fries and a soda = $30!
Too bad inflation outpaced the pay raises. That is sort of how economics works.
I made $5 in 1971.
The good deal for the restaurant workers works out to be a bad deal for those eating out. Sometimes the meals were rather pricey at the old wages; now they are outrageous, so many who eat out will eat out less or not at all. That translates into poor business for the restaurant. The lower-priced restaurants in smaller towns are going to be hit the worst I think. It seems to me to be an unworkable situation for any length of time. That’s not counting the drop in tips, but maybe the increased wages will make up for that....while it lasts. The folks on fixed incomes won’t be eating out or doing much of anything else at today’s prices.
Sioux Falls, SD has starting wages for fast food at $20/hr. SYN.
Automated check-outs and automated warehouses will get ever more popular as wages rise.
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They are getting more popular as cashiers are unable to be found.
The amount you can earn without affecting social security benefits changes each year. For 2021, the limit is $18,960.
The solution is simple. Just force everyone to earn that $18k. Threaten their SSI. Get rid of more than a few Mexicans.
Excellent assessment.
That’s crazy it’s going to take a big chunk of business away nobody likes to eat inflation.
Spot on
The menu prices look the same
Haven’t seen any McDonalds have the same prices that pay $15.00 per hour.
Inflation = Pay more get less
McD prices are up slightly if at all.
Slightly = 10%
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