The next corporate spin will be "We should LOWER minimum wage, that'll definitely bring prices down, trust me bro!"
“You get paid in Kroger gift cards”
I've read a times article the other day that claimed it is important for food prices to stay high even though inflation stoped, because otherwise people would stop buying stuff because it might get even cheaper. Yea let me just stop buying groceries for a month.
The entire edifice of Free Market Economics as a Political ideology is exactly that use of recognized and measured effects to justify self-serving measures in different areas were none of that applies.
Just like the observed effects of people delaying the purchasing of big ticket items, luxuries and things which are not immediate needs when prices are going down does not apply to basic needs, so do the quality improvements and price falls in markets with no barriers to entry which are naturally competitive (say teddy bears or soap) do not apply is the majority of markets out there (including some for basic needs such as housing).
Yet the Political Propaganda anchored in Economics is invariably done by using truthful things outside the context were they apply - i.e. lying using what elsewhere would be true. It's like somebody justifying reducing the maximum speed in a stretch of road by using the Theory Of Relativity to claim that the time dilation at higher speeds would cause all sorts of problems with clocks and aging - true near the speed of light, not true at 50 Mph.
Must have been written by a right wing douche.
Yeah I’ll just starve myself. That’ll show ‘em!
It sounds like bullshit to you because it is. Just another anti-consumer lie like trickle-down economy.
To be fair, if we did raise minimum wage, they'd use it as an excuse to raise prices again. We still need to get higher minimum wage of course, but we also need get much tighter restrictions on corporations, or any financial ground we gain will be lost shortly thereafter under a million excuses to bleed the extra money out of us.
if we get hurt whether we help people or not, shouldn't we just always help people? we're gonna get slapped anyway.
As I said, yes, but also, let's work together to stop the slapping...
Hopefully, Kamala Harris is given that opportunity and makes the best of it! 🤞🤞
I was at a restaurant yesterday that charged seventeen dollars for guacamole.
Things are always going to get more expensive regardless of whether or not wages also rise.
It's gotten worse during the pandemic.
It's almost like corporations went: "Wait, we can just raise food prices as much as we want because reasons, because who's going to stop us? And it's not like these peasants can survive without food!"
My father thinks it’s because minimum wage was raised from 11 to 16.55 since 2015
It's always the workers' faults to conservatives.
George Weston Limited is one of North America’s largest processors and distributors of food. The company operates three subsidiaries: Loblaw Companies Limited, a grocery, drugstore and general retailer; Weston Foods, a baking company; and Choice Properties, a real estate investment trust. George Weston Ltd. owns a variety of brands and retail banners. Loblaw brands include No Name, President’s Choice, Life Brand and Joe Fresh. Loblaw stores include Loblaws, Zehrs, Your Independent Grocer, Provigo, Atlantic Superstore, Fortinos, Dominion, Independent City Market, Valu-mart, ARZ Bakery, Wholesale Club, T&T Supermarket, Real Canadian Liquorstore, Real Canadian Superstore, No Frills, Maxi, Extra Foods and Shoppers Drug Mart. In 2023, George Weston Ltd. registered over $60 billion in revenue. George Weston Ltd. Is the country’s largest private-sector employer, with over 200,000 full- and part-time employees. It is a public company headquartered in Toronto and listed on the Toronto Stock Exchange under the symbol WN.
Your Independent Grocer
Bullshit branding on point.
We did raise the minimum wage, at least some states did.
Out of curiosity, I found these two maps.
Big mac prices:
Min wage:
I don't care enough to plot a scatter graph of min wage vs big mac prices, but at a glance it seems to be loosely correlated at most.
Hoosier here. Suck it, Alabama and Wyoming, you have even shittier minimum wage than we do!
Wait, we all lose.
😕
I'd like to see a more recent one, since it seems the pandemic spurred a lot of the price gouging. Our minimum wage has gone up $3 since 2019.
Also, since there's not a huge difference in Big Mac prices between states, I'm wondering if national chains are using the min wage increase in a few states to increase prices across the board, rather than just increasing prices in the states with high minimums.
Weston owns Canadian chains
There’s also minimum wage by County. Mine is $16.85
I'm assuming you are from California. The map is from 2019. Currently California's minimum is $16 and fast food workers now have a minimum of $20, so almost double of that.
ROBLAWS
I keep hearing about this Rob Loblaws guy and how he had a month but people are excited about him after his month too. Apparently you can get free stuff from him.
But then it would make the food even more exp- oh wait that also happened
