Minimum Wage Would Be $21.72 If It Kept Pace With Increases In Productivity

[kelly4]

all these claims that if min wage goes up, prices will go up.

but the only actual evidence we've seen in this thread shows the opposite.

from 2000-2010, min wage went up nearly 50% and the price of a big mac adjusted for inflation went down.

according to the no_evidence_economists of rollitup, it should have gone up by nearly 50%! but it didn't.

is anyone ever going to provide any evidence or proof for their misguided assertion, or just plead how it's so fucking common sense some more?

Please tell us what happened to the size of the Big Mac.

They don't have to raise the price if they make the portions smaller.

 

[UncleBuck]

A side by side comparison of what the bigmac use to be and what it is now.

You must be dreaming or living under a rock the last decade, broken english is pretty common at McDonalds. They import beef from both NZ and Australia and this is just beef we're talking about we haven't even touched imports from all their other shit.





Your contention is irrelevant. The problem is only one place makes Levi in the US and they only make a handful because it is more of a novelty item than anything. The price for US made Levi's are 130-200 dollars a pair. They are not the 40dollar jeans on that picture, the cheaper inflation adjusted levi's are made in a sweat shops. At 150 bucks for a pair of US made jeans the obvious inflation is oh so obvious.






US imported 420 million pounds of fresh apples in 2010.
China produces 41% of the worlds apple market.

http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1825






So lets go ahead and conclude that tangible items on that list has is a few cents cheaper because of serious fucking outsourcing and importing.


So that leaves us with

Airfare which has been struggling to stay afloat the last decade. Even then I am a little apprehensive on how they calculated the cost since airlines have pretty much stripped all basic necessities for traveling and now has a pay to play system. You may get cheaper airfare but if you want to check a bag it's going to cost you.

Housing well this is fucking obvious, are housing isn't worth shit anymore. You can't even fairly compare this with inflation the bubble just busted.

Walmart stocks another thing that is import reliant, trying to compare inflation with stocks in a shit economy is fucking retarded.

No fucking way 20 dollar minimum wage is going to happen. Right now it's cheaper to load metal on a truck, ship it to the rails, ship it across country, load it on a boat, ship it to china and let them smelt it and ship it back to us cheaper than we can do it here. We have already priced our self out of the market.

domestic airfare, walmart stocks, mortgages, harley 883 sportsters, levi's 505s, apples, and big macs. that's 7 out of 12, nonthinkist.

no, i would not like to come over and suck on your penis. i am quite happy being STD-free.

 

[UncleBuck]

Please tell us what happened to the size of the Big Mac.

They don't have to raise the price if they make the portions smaller.

that wasn't your contention though.

it's time for you to put some evidence behind this myth you keep saying is just so damn common sense.

 

[kelly4]

that wasn't your contention though.

it's time for you to put some evidence behind this myth you keep saying is just so damn common sense.

What contention, DumDumz?

 

[NoDrama]

Anyone advocating for a $20 min wage is also advocating for $12 big macs and $8 fries.

Does McDonalds even pay Min wage? Where I live they start at $10.

 

[kelly4]

Up in Summit County Wendy's starts at $12/hr.

 

[UncleBuck]

Anyone advocating for a $20 min wage is also advocating for $12 big macs and $8 fries.

Does McDonalds even pay Min wage? Where I live they start at $10.

from 2000-2010, min wage went up near 50%. where was the accompanying price adjustment? your dollar had more purchasing power at macdonald's after the wage increase than before, not 50% less.

 

[kelly4]

Please tell us what happened to the size of the Big Mac.

What contention, DumDumz?

UB, are you mad at me? Why the silent treatment?

Nevermind, I see you don't want to answer my questions. LOL!

 

[Antidisestablishmentarian]

I get confused.

Is there or isn't there inflation?

I do know a number 1 at McDonald used to be 3.99. Now it's 6.99.

 

[UncleBuck]

I get confused.

Is there or isn't there inflation?

I do know a number 1 at McDonald used to be 3.99. Now it's 6.99.

the purchasing power of a dollar vis a vis the big mac went UP over 2000-2010, meaning your money will buy you more big mac in 2010 versus 2000.

all this despite minimum wage increasing nearly 50%.

still waiting on someone to explain why minimum wage went up, and the relative price of a big mac went down. i mean, according to you guys, you should have 50% less purchasing power, not 2.68% more.

odd, right?

 

[TheSnake]

Wages, are irrelevant. Because of fractional reserve banking, and the federal reserve, no matter what we do, were still fucked at the end of the day. Collapse is inevitable, its built into the system.

 

[Antidisestablishmentarian]

the purchasing power of a dollar vis a vis the big mac went UP over 2000-2010, meaning your money will buy you more big mac in 2010 versus 2000.

all this despite minimum wage increasing nearly 50%.

still waiting on someone to explain why minimum wage went up, and the relative price of a big mac went down. i mean, according to you guys, you should have 50% less purchasing power, not 2.68% more.

odd, right?

Meh... I don't really feel that. I don't make minimum wage. My wages have been about the same(+/- 1.00). Yet the price has risen 3 bucks.... My purchasing power is the same. Actually it's less. I make about the same but pay 75% more for a Big Mac meal.

 

[kelly4]

the purchasing power of a dollar vis a vis the big mac went UP over 2000-2010, meaning your money will buy you more big mac in 2010 versus 2000.

all this despite minimum wage increasing nearly 50%.

still waiting on someone to explain why minimum wage went up, and the relative price of a big mac went down. i mean, according to you guys, you should have 50% less purchasing power, not 2.68% more.

odd, right?

Why do you get older, yet not wiser? 'Intelligence Inflation' is going to eat Jew up.

 

[UncleBuck]

Meh... I don't really feel that. I don't make minimum wage. My wages have been about the same(+/- 1.00). Yet the price has risen 3 bucks.... My purchasing power is the same. Actually it's less. I make about the same but pay 75% more for a Big Mac meal.

you're a very small part of a very large whole.

Why do you get older, yet not wiser? 'Intelligence Inflation' is going to eat Jew up.

an ad hom is not a rebuttal.

tell me why min wage went up near 50%, yet the purchasing power of the dollar will buy you 2.68% more big mac.

 

[kelly4]

an ad hom is not a rebuttal.

tell me why min wage went up near 50%, yet the purchasing power of the dollar will buy you 2.68% more big mac.

It wasn't meant as a rebuttal.


Why have Big Macs, as most everything else, gotten smaller?

 

[Antidisestablishmentarian]

you're a very small part of a very large whole.



an ad hom is not a rebuttal.

tell me why min wage went up near 50%, yet the purchasing power of the dollar will buy you 2.68% more big mac.

My dollar buys less. I don't see at all how I'm getting more for it. I'm a pretty common person. I make less than the average annual income in my state.

All my bills go up yet my pay stays the same.... Well not all. I saved a few cents per Kwh by going with the natural gas rate instead of the electricity rate.

 

[kelly4]

Here is my first post in this thread.

If someone with a degree doesn't like what the job pays...they don't have to accept the job. Some people have to realise that their chosen professions don't pay very well, and should have chosen a different field of study while in college.

It was in response to this post

That's fine with me, these are things business owners should already be paying for anyway

I would assume people with advanced degrees would want more than minimum wage, regardless of what the minimum wage was. Putting time towards an education should ultimately translate to a higher salary or a better job. Again, that is something that should fall on the shoulders of the employer. We should be fighting for better benefits and higher wages, not competing for the lowest wage with no benefits and calling that fair because that's all the market has to offer.

this was my second post

Please tell us what happened to the size of the Big Mac.

They don't have to raise the price if they make the portions smaller.

In response to bolded

all these claims that if min wage goes up, prices will go up.
It was in response to the bolded
but the only actual evidence we've seen in this thread shows the opposite.

from 2000-2010, min wage went up nearly 50% and the price of a big mac adjusted for inflation went down.

according to the no_evidence_economists of rollitup, it should have gone up by nearly 50%! but it didn't.

is anyone ever going to provide any evidence or proof for their misguided assertion, or just plead how it's so fucking common sense some more?

This is what UB posts next

that wasn't your contention though.

it's time for you to put some evidence behind this myth you keep saying is just so damn common sense.

For the second time now...What was my contention?

Ad hom is all I have until you tell me all about my contention.

 

[kelly4]

UB looks the moron...




































5 stars!!

 

[UncleBuck]

My dollar buys less. I don't see at all how I'm getting more for it. I'm a pretty common person. I make less than the average annual income in my state.

All my bills go up yet my pay stays the same.... Well not all. I saved a few cents per Kwh by going with the natural gas rate instead of the electricity rate.

just listen to kelly4 and don't accept the job if you don't like what it pays.

LOL!

so simple, right? simple like kelly4.

 

[UncleBuck]

For the second time now...What was my contention?

Ad hom is all I have until you tell me all about my contention.

your contention seems to be that people just need to pick a different field of study in college.

because everyone gets to go to college, eh?

LOL!

yep, i look so foolish now. so says kelly4, the simpleton.