The one big employer in that tiny town can probably get away with paying whatever because there’s no competition in a tiny town, this is enforcing a wage increase for the lowest paid people.
To the extent prices increase, it’s only a percentage of a percentage. Even if the cost is 100% passed along to the consumer, it’s a 25% increase in the price of labor, which is 30% of the cost of a burger.
So apparently (from Google) the Big Mac combo is $18 already in California, and the $5.40 of that which is labor would go up to $6.75, for a total new maximum price of $19.35.
Meanwhile, the poorest people in the state are getting a 25% pay raise, from $33k to $41k annually if they’re full time. That’s a huge stimulus because poor people spend the money they earn.
Haha I mean I did get that number from a Fox News article so that is probably like LA prices but yeah. The point scales with price so I just picked one from an article.
It benefits tiny towns more.
The one big employer in that tiny town can probably get away with paying whatever because there’s no competition in a tiny town, this is enforcing a wage increase for the lowest paid people.
To the extent prices increase, it’s only a percentage of a percentage. Even if the cost is 100% passed along to the consumer, it’s a 25% increase in the price of labor, which is 30% of the cost of a burger.
So apparently (from Google) the Big Mac combo is $18 already in California, and the $5.40 of that which is labor would go up to $6.75, for a total new maximum price of $19.35.
Meanwhile, the poorest people in the state are getting a 25% pay raise, from $33k to $41k annually if they’re full time. That’s a huge stimulus because poor people spend the money they earn.
A Big Mac combo is almost 20$?!? Who the fuck would buy that?
I’d rather go to a bomb ass Thai place for that money.
You can taste the depression of the workers when ya get food from burger king.
That said, there is no ethical consumption while living a capitalist way of life.
Haha I mean I did get that number from a Fox News article so that is probably like LA prices but yeah. The point scales with price so I just picked one from an article.