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Thread: The Burger-Flipping Robot vs $15 Min Wage Demand
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Old 09-06-2014, 12:10 AM
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B767drvr B767drvr is offline
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Originally Posted by eweissenbach View Post
According to the article I linked from the Seattle Times, the cost of restaurant food rose 2-3% in cities where the minimum wage was raised. Even at 5% the cost of a Happy Meal may go from $4.00 to $4.20. This is Econ 101 stuff.
I LOVE being schooled by learned Econ 101 profs!

So, if we go from $10 per hour to $100 per hour and extrapolate on your cited research… are we to believe we'd only see a 20-30% increase in the price of a Happy Meal following a 1000% increase in labor cost? Gosh I love your mathematics. Life truly is wonderful.