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Well at first we were told there was no inflation, then that it was temporary...then we were told that it was good for poor people and hurt the rich! (which is false but hey...anti-science is rampant)
Good luck with that, dolts. Have fun paying thirty bucks for a Big Mac and small fry, and twenty for a gallon of milk.
Stop with this nonsense. McDonalds workers in Denmark make $22/hr, get six weeks vacation as well as retirement benefits, and a Big Mac costs LESS than it does in the US. Our prices are high because we let companies charge those prices.
If you really think McDonalds needs to raise the price of a Big Mac to cover costs of higher wages, you're buying way too much into the propaganda.
The lack of a federal minimum wage doesn't preclude the existence of a state or county or city minimum wage.
Minimum wage, if any, should be set locally, not by some faceless bureaucrat up to 5,000 miles away.
^^This. A one-sized fits all minimum wage is utter BS and one would have to engage in rampant anti-science to spin that it should be the same number in rural Iowa vs. San Francisco.
They truly do not understand that everything is relative and that cost of goods, services, housing and other wages would rise proportionately to the "minimum wage". You could make the minimum wage a million dollars and minimum wage workers will still not be able to afford to buy a house because home prices will also rise proportionately.
The people who are pushing for this kind of inflation aren't looking out for the minimum wage earners, they are trying to inflate their own salaries in order to make it easier to pay off their own existing student loan debt - which does absolutely nothing at all for the upcoming college students.
It's pure selfishness on their part but they cloak it in societal "concern' because that's what liberals do.
Yep. Everything eventually rebalances. Unless government outright controls everything. Which is where we are heading.
Stop with this nonsense. McDonalds workers in Denmark make $22/hr, get six weeks vacation as well as retirement benefits, and a Big Mac costs LESS than it does in the US. Our prices are high because we let companies charge those prices.
If you really think McDonalds needs to raise the price of a Big Mac to cover costs of higher wages, you're buying way too much into the propaganda.
My thoughts are that indexing for productivity gains is a sad and dishonest attempt to mislead really uneducated people in order to manipulate them on a topic.
Imagine owning a lawn-mowing business and you invest in new mowers that work twice as fast and you do twice as much business as before.
The productivity gain is due to the investment in new technology, not due to the workers being the reason for the productivity gain. They're still doing the same work, it does not warrant doubling their pay and ignores the additional costs associated with investing in the new mowers etc.
Productivity has risen due to automation. It has nothing to do with people doing more.
When you can use Excel instead of a paper and pencil, you can accomplish more in the same amount of time. The time and effort expended is the same. You produced more because Microsoft created a product called Excel and you found it valuable in saving you time. Maybe Microsoft should get that raise? You aren't doing more - their software is.
It would be interesting to see a graph showing the difficulty of work over the same time period. I'd be willing to bet you'd see a rough correlation in the opposite direction.
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