McDonalds: "What, my peon, you don't work two full time jobs?"

[Ideologue]

A society where 99.9% of the wealth in the hands of 0.01% of the people is a possibility.  So too is a decreased standard of living for most.

Yes that is possible but not probable.  Well, not probably is properly functioning democracies.  I make no claims about the US.

[CountDeMoney]

Speaking of McDonald's I ate a filet-o-fish today. No sauce or cheese.

That's more like a Filet-o-Matzoh.

[Admiral Yi]

I used to eat an ocaissonal McFish but the price got too damn high.

[Ed Anger]

I used to eat an ocaissonal McFish but the price got too damn high.

Fucker was 3.35. Holy crap.

[Ed Anger]

Speaking of McDonald's I ate a filet-o-fish today. No sauce or cheese.

That's more like a Filet-o-Matzoh.

Ketchup is my sauce.

[CountDeMoney]

Filet-o-Ghetto.

[Ed Anger]

 

[frunk]

CPI would probably have less negative effects then per capita income.

I think in cases of stagflation it could be much worse, since CPI would still be going up but so would unemployment.  That seems like a really bad time to raise the minimum wage.

[Admiral Yi]

I think in cases of stagflation it could be much worse, since CPI would still be going up but so would unemployment.  That seems like a really bad time to raise the minimum wage.

We experienced stagflation once, and learned from that the lesson that inflation and employment is not a tradeoff.

Per capita income, on the other hand, can be badly skewed by high earners.

[Admiral Yi]

Heard on NPR that the city of SeaTac, Washington voted to increase their minimum wage to 15 bucks an hour.

[Caliga]

Heard on NPR that the city of SeaTac, Washington voted to increase their minimum wage to 15 bucks an hour.

[Kleves]

Heard on NPR that the city of SeaTac, Washington voted to increase their minimum wage to 15 bucks an hour.

It passed by 200 votes; 2,000 votes to 1,800.

[CountDeMoney]

Heard on NPR that the city of SeaTac, Washington voted to increase their minimum wage to 15 bucks an hour.

The bastards!

[Berkut]

It will be interesting to see how that works out.

[CountDeMoney]

That's an easy one:  the nunmber of full-time employees will be cut to make up for the "losses".