Burrito economics: Republican claims about price rises are so much hot air

Discussion in 'Politics' started by Frederick Foresight, Jun 14, 2021.

  1. AR15

    AR15

    The average Democrat wants to be able to live off minimum wage? Why?

    Last I checked minimum wage jobs were for highschoolers to do for a couple hours to get gas money on the weekends. Not full time jobs made for adults to live on

    What kind of adults only skill is taking a fast food order anyways?

    We need a worth + property ownership requirement to vote ASAP
     
    #21     Jun 14, 2021
  2. newwurldmn

    newwurldmn

    I think it’s not living if you don’t have a vintage Ferrari in your garage. Every business should ensure that their employees can afford one.
     
    #22     Jun 14, 2021
  3. newwurldmn

    newwurldmn

    For those making the “living wage argument:” you say the businesses can pass the costs on by raising the prices but that causes inflation. So all of you are okay with higher prices to pass wage increases onto workers who don’t possess the skills to do other jobs. why don’t you just donate your money to community charities? So keep your burrito at 6 dollars and donate 30percent of your paycheck (and it’s pre-tax dollars) to a local charity that helps with groceries, daycare, etc expenses for those people.
     
    #23     Jun 14, 2021
  4. Cuddles

    Cuddles

    I'm sorry, but 10$ burritos sounds like 10,000$ toilets to me.
     
    #24     Jun 14, 2021
  5. The price increases by Chipotle were not that big of a deal that the customer cannot absorb it.

    Inflation usually follows wage inflation so you might be paying a little more for your diarrhea rocket but you are also making more money....

    Tell me, did the price of houses run up with inflation and your salary stayed the same?
     
    #25     Jun 14, 2021
  6. WeToddDid2

    WeToddDid2

    When has that existed?

    The US does not currently have anything close to unfettered capitalism. So, what in the hell is your point?
     
    #26     Jun 14, 2021
  7. The point is that the Right is trying to push more and more in that direction.
     
    #27     Jun 14, 2021
  8. I think people’s lives and time have value. If they are capable of doing the job at hand, whatever that job may be, then they should be able to live at least modestly and safely on their wages. If they are not capable of doing the job then don’t hire them. Honest labor should not rob people of their dignity by keeping them just at or below subsistence levels. What kind of a world is that?
     
    #28     Jun 14, 2021
  9. newwurldmn

    newwurldmn

    for my employees it absolutely was the case. The inflation is in hourly employees not for skilled labor or for white collar wages.

    One set of wages are being artificially pumped will be paid for from another set. Our standard of livings are higher because of cheap Chinese labor. Your chipotle burrito might only go up 10percent (which is 60cents) but what if everything else also goes up 10percent? How does that affect your standard of living?
     
    #29     Jun 14, 2021
  10. newwurldmn

    newwurldmn


    this isn’t a Brazilian mine or a Thailandee shrimp boat (which is why your shrimp is so cheap). There’s no exploitation. In 2017 there was significant wage inflation in hourly workers; but that was dictated by market demand. Today it’s dictated by the government money printing machine.

    If someone wants to earn more they can develop a skill. It’s really easy for anyone to make 50k/year in America if they develop a basic skill.
     
    #30     Jun 14, 2021