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re: California’s $20 fast food minimum wage balloons menu prices
Posted on 4/3/24 at 11:48 am to Smeg
Posted on 4/3/24 at 11:48 am to Smeg
Of course it balloons prices!
Did you think the companies would take less profit?
We want a “living wage,” so we raise wages. This raises company expenses so they raise prices. Therefore your raise is not a raise. It’s just inflation
Did you think the companies would take less profit?
We want a “living wage,” so we raise wages. This raises company expenses so they raise prices. Therefore your raise is not a raise. It’s just inflation
3
Posted on 4/3/24 at 12:04 pm to Germantiger001
quote:
Did you think the companies would take less profit?
Yes, the California politicians and NGO’s think that companies will just do the same work for less profit.
Posted on 4/3/24 at 12:35 pm to Germantiger001
quote:
This raises company expenses so they raise prices. Therefore your raise is not a raise. It’s just inflation
The raises only benefit poor people.
the cook that went from making $16 to $20 will gladly trade an extra $1.70 on a combo meal, he will recuperate the difference plus some in 1 hour.
the people it hurts is the rest of us, so I understand why they wanted a raise.
Posted on 4/5/24 at 11:11 am to Germantiger001
quote:
Therefore your raise is not a raise. It’s just inflation
But that is the thing, it isn’t inflation, because the communists have removed food prices from CPI. These people are evil.
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