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Started By
Message
re: Prices of goods we use every day are rising at their fastest pace in three years
Posted on 5/5/21 at 11:27 am to The Spleen
Posted on 5/5/21 at 11:27 am to The Spleen
quote:
My guess is the stimulus and expanded unemployment has largely become a scapegoat for restaurant managers, and people are just believing them.
Nah, Che. I am just saying exactly what you said.
Take it up with yourself.
This post was edited on 5/5/21 at 11:28 am
0
Posted on 5/5/21 at 11:28 am to cubsfan5150
quote:
I'm going to assume that you've never been out of the south
Based on what? Are you saying a rise in labor price is going to be linearly related to a rise in price?
Posted on 5/5/21 at 11:29 am to TheRouxGuru
quote:
You have issues bro. I think that you have an overly inflated sense of self worth. You should work on that
He has a few things working against him.
Hes 5'5"
We are all dumb poors from the stupidest and poorest state in the union
We are too dumb and poor to think on his level
The kicker is that he needed loans to go to the state school in the stupidest and poorest state he likes to rail on.
Hes a short angry dickhead as a result
I dunno if his attacks on me in here are from a thread a day or two ago where this got pointed out or if he is just being his usual a-hole self
Posted on 5/5/21 at 11:31 am to Mingo Was His NameO
quote:
I've been working from home for about 14 or 15 months and our offices are open workspaces.
Translation: the mall is closed and his little kiosk in front of Ulta is now selling cell phone cases and fake gold watches.
Posted on 5/5/21 at 11:31 am to TheRouxGuru
You have issues.....
Posted on 5/5/21 at 11:32 am to Deactived
quote:
Hes 5'5"
5'2
quote:
We are all dumb poors from the stupidest and poorest state in the union
Not all, but definitely you
quote:
We are too dumb and poor to think on his level
You could, you choose not too. You make up your mind on something and are the shining example of conformation bias.
I would love to be wrong on many things that I think and seek data to try to change them
quote:
I dunno if his attacks on me in here are from a thread a day or two ago where this got pointed out or if he is just being his usual a-hole self
A little bit of both
Posted on 5/5/21 at 11:32 am to Clames
quote:
the mall is closed and his little kiosk in front of Ulta is now selling cell phone cases and fake gold watches.
Walmart
Posted on 5/5/21 at 11:32 am to dukke v
quote:
You have issues.....
Absolutely. But I’m still way cooler than mingo
Posted on 5/5/21 at 11:33 am to TheRouxGuru
Whatever.......
Posted on 5/5/21 at 11:34 am to Mingo Was His NameO
quote:
You and people like you decide what you think and put your head up your arse so you can't hear any different.
Show me where I offered my opinion on anything in this thread other than you being a fricking clown... I’ll wait
Still waiting bro. Let’s see who’s got their head up their arse
Posted on 5/5/21 at 11:35 am to dukke v
quote:is your guberment handout check going to increase to keep up with prices?
The only things I HAVE on that list is gasoline and electricity... the rest I can do without.
Posted on 5/5/21 at 11:35 am to stout
It's not inflation, it's stimulation.
Posted on 5/5/21 at 11:35 am to Mingo Was His NameO
quote:
A rise in one input is not linear to price of your product.
Maybe not linear, but government aided wealth increases via stimulus payments and large unemployment benefits are in direct competition with a free market. If restaurants are "forced" to pay more to hire back their own employees, they will absolutely pass that on to the consumer.
Add in the increased costs of raw goods and restaurants will struggle without increasing prices. The money for said wages comes from selling food.
Posted on 5/5/21 at 11:36 am to Mingo Was His NameO
quote:
Based on what? Are you saying a rise in labor price is going to be linearly related to a rise in price?
Not necessarily linear, but yes, raises in labor costs will almost always be passed to the consumer.
I live on the Washington/Idaho border... One has a $13 minimum wage that will be $15 soon, while the other has a $7.25 minimum wage. Guess which state is cheaper for nearly all service industries.
Posted on 5/5/21 at 11:39 am to Mingo Was His NameO
quote:
5'2"
Sarcastic answers don't add inches.
quote:
A little bit of both
Yea I know.
Don't get mad because your bullshite got turned back on you the other day. Holding grudges on poor and stupid people online is not good
Posted on 5/5/21 at 11:40 am to HouseMom
quote:
Maybe not linear, but government aided wealth increases via stimulus payments
The stimulus payments generally not been wealth increases. Theyve done what they were designed to do, be spent on consumer goods. Arguing the merits of those payments is a totally different discussion.
quote:
large unemployment benefits are in direct competition with a free market.
There hasn't been a free market in the US, really ever, again we can discuss the merits of this particular intervention but acting like there was a free market 18 months ago is misguided.
quote:
If restaurants are "forced" to pay more to hire back their own employees, they will absolutely pass that on to the consumer.
They aren't "forced," they can do a multitude of things, including keeping their wages the same
quote:
Add in the increased costs of raw goods and restaurants will struggle without increasing prices.
Of course, but again, this is a totally different conversation.
Posted on 5/5/21 at 11:42 am to cubsfan5150
quote:
all service industries.
More labor intensive. More labor required for the product, the greater the increase in pricing.
So, min wage hikes affect the labor portion of the price, everything else stays constant. Thats kinda dicey since labor affects every aspect of the product, but the rise isn't proportional.
Progs believe that companies will take the wage hikes out of profit, which is really dumb.
Posted on 5/5/21 at 11:43 am to cubsfan5150
quote:
Not necessarily linear, but yes, raises in labor costs will almost always be passed to the consumer
Almost certainly, absolutely not. Could it? Yes, but there are several ways to mitigate a rise in wages that would not include raising prices
quote:
I live on the Washington/Idaho border... One has a $13 minimum wage that will be $15 soon, while the other has a $7.25 minimum wage. Guess which state is cheaper for nearly all service industries.
One state also has a much wider B&O tax, more costs of doing business as well. How much of the price differece is related to the difference in minimum wage? I don't know the answer, but I do know that the labor costs are only a component and I would guess not that big of one.
Posted on 5/5/21 at 11:46 am to Sao
quote:
Did I put you on the PT list of vermin
speaking of lists. In this one thread: Sao, Salmon, Spleen, Mingo, TBoy, shell, and Smoke Break. The OT ‘Moderate’ AllStar squad. We’re just missing dawfag45678, mmmmbeer, and c on z!
This post was edited on 5/5/21 at 11:49 am
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