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Old 12-22-2019, 09:46 AM
 
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
27,606 posts, read 14,604,784 times
Reputation: 9169

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Quote:
Originally Posted by middle-aged mom View Post
Everything is sold for as much as the market will bear. Obviously, there is a market, albeit limited, for $300 sneakers.
This is the new America, third world wages with first world prices
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Old 12-22-2019, 09:47 AM
 
Location: Pennsylvania
31,340 posts, read 14,265,634 times
Reputation: 27863
Quote:
Originally Posted by middle-aged mom View Post
Everything is sold for as much as the market will bear. Obviously, there is a market, albeit limited, for $300 sneakers.
Exactly right. When the financially foolish, stop spending $300 on sneakers, Nike will stop charging $300 for sneakers.
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Old 12-22-2019, 09:48 AM
 
Location: Barrington
63,919 posts, read 46,748,172 times
Reputation: 20674
Quote:
Originally Posted by moneill View Post
Do all of you own cars?

Why can you buy a car which is a heavily unionized industry but you think you can't buy a Big Mac if those workers unionize?
Especially so- called US brands.

Foreign automakers are more likely to operate in Right to Work states. Profits are likely used to help pay for accrued benefits to unionized workers in their home countries.
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Old 12-22-2019, 09:50 AM
 
Location: Los Angeles
4,627 posts, read 3,395,314 times
Reputation: 6148
McDonald's is unionized in other countries such as Denmark and New Zealand.

They get $20 per hour in Denmark.

This story is a few years old but:
"McLoon said that she was surprised to learn that American wages are so low, especially because the cost of a Big Mac is actually five cents cheaper in New Zealand, despite their higher pay for workers."

https://www.huffpost.com/entry/globa...ests_n_5324938
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Old 12-22-2019, 09:53 AM
 
Location: Barrington
63,919 posts, read 46,748,172 times
Reputation: 20674
Quote:
Originally Posted by FirebirdCamaro1220 View Post
This is the new America, third world wages with first world prices
Quote:
Originally Posted by BeerGeek40 View Post
Exactly right. When the financially foolish, stop spending $300 on sneakers, Nike will stop charging $300 for sneakers.
No reason Nike should not sell “ limited production” sneakers for $300 so long as there are ready, willing and able buyers.

There are reasons why unsecured consumer debt is what it is in the US.

Nike manufactures all over the world seeking cheap labor and stable government.

https://www.chinalawblog.com/2019/08...hould-too.html
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Old 12-22-2019, 09:58 AM
 
13,496 posts, read 18,192,756 times
Reputation: 37885
Oh..Oh..I’m not going To be able Afford a Big Mac.. Biden Wants To Unionize McDonalds

Not to worry, Americans are simply not prepared to accept that depth of suffering.
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Old 12-22-2019, 09:58 AM
 
7,473 posts, read 4,017,691 times
Reputation: 6462
Quote:
Originally Posted by Frank DeForrest View Post
Magic words in exchange for votes. Money for nothin chicks for free.
that saying has been around forever...……….

https://iowaculture.gov/history/educ...hoover/chicken
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Old 12-22-2019, 10:06 AM
 
Location: Barrington
63,919 posts, read 46,748,172 times
Reputation: 20674
Quote:
Originally Posted by Astral_Weeks View Post
McDonald's is unionized in other countries such as Denmark and New Zealand.

They get $20 per hour in Denmark.

This story is a few years old but:
"McLoon said that she was surprised to learn that American wages are so low, especially because the cost of a Big Mac is actually five cents cheaper in New Zealand, despite their higher pay for workers."

https://www.huffpost.com/entry/globa...ests_n_5324938
Currency matters. Average NZ wage for a McDonald’s employee is around $10.00 USD. In my neck of the woods, starting wage is $11/ hr and $12/ hr for overnight shifts, well above the state Minimum Wage of $8.25.

Cook County raised its Minimum Wage to $12/ hr and gave 128 municipalities the opportunity to opt out. Most did.

Denmark imposes the highest tax income rates in the world AND a 25% VAT, which applies to restaurants, too.
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Old 12-22-2019, 10:09 AM
 
Location: Barrington
63,919 posts, read 46,748,172 times
Reputation: 20674
Quote:
Originally Posted by FirebirdCamaro1220 View Post
This is the new America, third world wages with first world prices
Sounds like you may be unfamiliar with third world wages.
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Old 12-22-2019, 10:13 AM
 
Location: SoCal
20,160 posts, read 12,760,547 times
Reputation: 16993
Quote:
Originally Posted by crone View Post
Why is it people want to make as much money as they can?

But they want the people who provide them services to make as little as possible.
I don’t eat at McDonalds, what service are they providing? Junk food?
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