Talk of The Villages Florida - View Single Post - The Burger-Flipping Robot vs $15 Min Wage Demand
Thread: The Burger-Flipping Robot vs $15 Min Wage Demand
View Single Post
 
Old 09-06-2014, 07:24 AM
eweissenbach's Avatar
eweissenbach eweissenbach is offline
Sage
Join Date: Dec 2009
Location: Smithville (Kansas City) Mo./ LaBelle North
Posts: 4,572
Thanks: 113
Thanked 733 Times in 229 Posts
Send a message via AIM to eweissenbach
Default
Quote:
Originally Posted by B767drvr View Post
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.
Maybe in beginning Econ you were taught that wages are only one component in the costs of running a business. Read the article. You're welcome.
__________________
Oldcoach Ed
"You cannot direct the wind, but you can adjust the sails" "Be yourself - everyone else is taken"