A Boring Dystopia

Shrinking cups is actually a good thing. Nobody needs that much sugar, and the cost of the syrup is pennies compared to the cost of the cup itself. They are also mostly plastic now. Normalizing smaller beverages is good for humans.

Ha, I came here to say that, too.

Not saying it's right, but the spacing makes the drastic changes in 19-21 less obvious by spreading them across a wider area. Same with 21-24, just less so.

A consistently spaced graph would probably be more drastic looking.

I found this article yesterday, from none other than Fox (who I would think would lean into this narrative): https://www.foxbusiness.com/lifestyle/mcdonalds-pushes-back-hefty-price-hikes-including-18-big-mac-meal

According to the McDonald's CEO, the $18 Big Mac (which is where this number comes from) was 1 location, and the average price of a Big Mac is up 21% since 2019 (less than inflation). So I think all of these numbers in your article are cherry picked or just made up

I'm also tired of posts like this.

Does every thread have to include a reminder of how old I am? I remember living life $5 at a time.

I wonder how da fuq did McDonalds think that this is okay?

Setting aside all considerations of ethics or morality, from a pure greed standpoint even a very naive person could realize that if you squeeze the sheeple too much they may choose to go elsewhere rather than continue to rely on you for easy comfort food.

Do they think they have a monopoly on the market? Even just from the fast-food burger places that were included in this graphic, there are multiple cheaper options - Burger King and Wendy's - plus Arby's & Taco Bell and Chick-fil-a are somewhat similar.

Do they think that people will suddenly not care about where their money is going? That strategy tends to work when you squeeze (bleed) them slowly, but this kind of a sudden spike carries the risk of waking them up to how much eating there is costing them - and once they are gone, it would be very hard to attract them back.

So this strategy even looks to be detrimental to the company of McDonalds, even if good for the short-term stockholders & CEO before they jump elsewhere.

To be fair states, and even cities have their own minimum wage too, and those have gone up. Federal minimum wage is just the base line.

Honestly, I think there's 2 ways to think through this. Way 1: Magically the minimum wage is increased, and everything about the legislators stays the same.

This would increase inflation, as what's causing inflation is the lack of legislation and enforcement. Thus allowing companies to raise prices and profits unchecked.

Way 2: The legislators change in such a way that it's logical and possible to raise the minimum wage. Also logically other legislation would be passed to reduce the unchecked greed.

This would not increase inflation on it's own, and likely would keep it to a healthy minimum.

I think most who complain about the minimum wage talks can only imagine the first way.

Pathetic bootlicker won't accept the facts when they hurt his master...

Are we supposed treat these people as adults?

The response to this is that inflation is a market force working against the downward pressure of demand. There is a limit to the amount prices can go up before people stop buying altogether.

Another inflationary force is greed, funneling additional profits into the pockets of the 0.1%.

Let the inflation due to minimum wage be X, and the inflation due to greed be Y, and the maximum total inflation be Z. X+Y=Z

Of course there are other variables, but in a general sense, if X goes up, Y must go down. If X does not go up, Y does.

So yes there will be inflation, but increasing wages takes more money from the ownership and puts it into the pockets of the bottom 99.9% where it will do far more good.

And in case it wasn't clear, this is precisely why the oligarchy opposes increasing the minimum wage. It has nothing to do with inflation, and everything to do with they make less money.