Andylusion
Platinum Member
- Jan 23, 2014
- 21,320
- 6,434
Keep spewing bullshit. Big Mac index 2015 StatisticOk as usual you cons have the hardest time with nuance. If you raised the minimum wage to $15, the price increase wouldn't even come close to offset the extra few hundred dollars a month an employee would then make. In fact, the extra consumer demand would bring prices down over time. The initial price increase at McDonald's for instance would only be a 20 cents or so on SOME items.You cons are painfully dumb. Just because it is entry level does not mean it isn't hard work. It is non stop productivity with asshole customers on top. They deserve decent pay.It's a job that can be done by a trained chimp. It is unskilled labor and pays appropriately.
You just don't get it, do you?
It doesn't matter. The value of labor, isn't determine by 'how hard it is'. Nor is the value of labor determined by how many years you have done it. Nor is it determined by the employer, or the employee.
If my CEO could simply 'decide' that my labor was worth a Million dollars an hour, he would. He would LOVE to charge the customers a million dollars an hour, to have me screw together a printer.
But my CEO has ZERO ability to determine that.
There is only ONE PERSON who determines how much labor is worth. The customer.
McDonalds would LOVE to charge $30 for a Big Mac, and pay the employees $25/hr. Just one problem... the customers wont' pay for it. At least not at the level they do in the US.
If you travel to Norway, you'll find out they pay employees at the McDonald, about $15/hr. Great! But.... the cost of a Big Mac, is... about $15. And by the way, Norway has no Minimum wage at all.
Well then clearly they still have stores, and customers are willing to pay that much in Norway! Well... not really. Most of the McDonald stores are in tourist areas. Norway, has about 1/10th the number of McDonald we have. Why? Because customers are NOT willing to pay for McDonald all the time when it's $15 for a big mac.
If you raise the prices of food at US McDonald, to be equal to that of Norway McDonald, thousands of McDonalds are going to close. The only places that will remain open, are in tourist areas, and high price areas, just like the only McDonald in Norway are in high price tourist areas.
The result will be exactly the same that we see in Norway. A fraction of the stores. Which means that all those people who have jobs right now, will be unemployed.
Again, what is my point? My point is that the wage is determined by the customers. If the customers are not willing to pay $15 for a big mac, then it doesn't matter what law you want to pass, the store can't pay the employee $15/hr.
Every single penny that a store has to pay an employee, comes from the customer. So every penny you increase the minimum wage, is a penny increase in price you put on the customer. As the price goes up, there will be fewer customers.
I've done that in my own life. I loved Chipotle. I still love Chipotle. When it was $4.75 for a burrito, I went there all the time. Now that it's $6.50, I honestly don't go there often. I typically go to Walmart and buy their $3.29 sub.
Now if you drive up the wages enough, you'll see fewer and fewer people going to those stores, and they will eventually close, the ones not in high priced areas. Obviously in New York, where prices are already much higher than the minimum wage, nothing much will change.
But in areas like Ohio, where a $5 burrito was normal... yeah customers are going to change their habits, and those employees will be laid off, earning zero, instead of the minimum wage.
This is how economics works. It doesn't really care about your political agenda.
Then why is it in Norway and other countries where they pay $15/hr, the price is $15 for a big mac?
You keep making claims, but the facts don't support that.
The most expensive McDonald s in the world - NY Daily News
"In Norway, you'll pay $23 for a single meal of Big Mac, soda and fries"
That's for the "value" meal.
McDonald s Storgata Oslo - Restaurant Reviews Phone Number Photos - TripAdvisor
From people who have actually been there.:
"Considering the prices in Norway, McDonalds is in the cheap end of the scale. Still... $15 for a Bic Mac is way overpriced - but that's the norwegian way. "
Now, you have to decide whether you are going to believe the facts....... or not.
Which is it? The way you answer this question will drastically affect how everyone on this forum views you from here on.