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The reality is labor costs are only about 3% of the cost of your average fast food meal and just about every other catagory in the price break down is larger.
How far up your ass did you have to reach to pull out that number? It's easily over 20% and that's before you pay a dime to the managers and maintenance people.
I worked in fast food a looooong time ago and think $15 an hour is BS. I do Medical Billing now full-time (while I go to school for something else) which requires extensive knowledge of a lot of crap and I don't even make that much!
What happens with the people who have worked their way up to $15 an hour?
Does their salary double too? That's gonna work.
I do not actually support any minimum wage but I do want to inject reality to the babble buffoons who claim all manner off doom and gloom despite the actual data saying other wise. Australia proves most of their claims wrong.
I do not actually support any minimum wage but I do want to inject reality to the babble buffoons who claim all manner off doom and gloom despite the actual data saying other wise. Australia proves most of their claims wrong.
It's clear you don't much about what you are talking about just spewing personal attacks.
The main trade off is that we are also a high wage country. There is a reason why India is the cheapest country for many products - wages are very low in India.
High wages are a cost to business that must be passed on to customers as higher prices. Businesses in Australia also pay high commercial rents thanks to planning restrictions and the high cost of land.
And the tyranny of distance has not gone away - it is more expensive to ship goods to Australia and then to transport them around this vast land of ours.
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