Conservatives will tell you that this is a bad thing because that's money that could've gone to Israel.
50 dollars for a McDicks double cheeseburger?
>>534126564No, I’ll tell you it’s bad because it eliminates jobs that are uneconomical at artificially inflated wages.
Bandaid fix. They need price caps on rent, gas and food.
>>534126564>it eliminates jobs that are uneconomical at artificially inflated wages
>>534126672"Supply & demand" is such midwit cope. Why has nothing gone back down from the "Covid prices" despite the pandemic being long over? Because value is determined by how much ass rape people will put up with, not "supply". Every company that exists at scale colludes with their "competition" to keep prices high because they all win. The myth of the small guy swooping in to snap up sales with low prices is a lie
>>534126564why not quintuple it?
>>534126564If minimum wage had kept up with inflation it would be north of $25/hour. Boomers getting paid the equivalent of over $25/hour to flip burgers in the 60s didn't crash the economy.
>>534126564If it doesn't include caps on stock buy backs and benefits packages for CEOs it just forestalls the issue the US has.
>>534127155See: >>534127184The issue is the massive shift in the corporate landscape in the 80s.Until those shifts are addressed, shit is bad.
>>534126564Wagies about to live the good life.
>>534127003TRVKE
>>534126564How many jobs are actually paying minimum wage?>>534126617McDonald’s is paying like $9 or $9.50/h here and In and Out is paying $12.50 or $13.50.
>>534126672Just pay the management and shareholders less to make up for it.
>>534127155this just makes it impossible for most people to retire as now there will be no fly over states with a cheap cost of living
>>534127003Artificially constrained supply (high regulatory burden), and constantly increased demand by third world migration.Mostly the first, though. Nobody is allowed to enter a market without spending 5x first year revenue in regulatory overhead, and then you have the five or six giant corps already in that space running at a loss to undercut you until you go under, then hiking up prices.Basically, regulators and government at all levels are entirely captured by the companies that are supposed to be regulated, which results in de facto monopolies. Raising the minimum wage doesn't fix that at all, it just pushes those companies to cut hours and jobs, increase their capital spend to automate more away, and raise prices to ensure more people - not fewer - are poor.
>>534126617You get high prices at Mcdonalds because you are dumb enough to pay for that trash even when it gets worse in quality and more expensive with time. Also as it stands they pay $20/hr in my state. Your doomsday scenario of high wages didn't make things more expensive, but all the gay covid business loans made via money printing fucked up prices beyond recognition.
>>534126672Cut c-suite pay and this problem goes away.
>>534127719Not saying that $9 is a reasonable wage or anything, but In and Out runs a different business model than McDonalds and has significantly lower overhead, so they can afford to pay their employees more in theory.
>>534126564tripling minimum wage will result in higher prices for everyone. if you cant geta job that pays more than minimum wage you're a useless piece of shit.there should not be any minimum wage, you're only worth what you're able to convince other people you're worth. quit being gigantic faggots
>>534129162Buc-ee's pays its gas station employees 5x the national average and all their shit costs the same as any other gas station. Are you perhaps a retarded child repeating lolbert claptrap that sounded smart to you?
>>534129162there should be a min wage for people that receive tips. 2/hr is bullshit for people working during the day when everyone is at work
