I like that it implies landlords aren’t people
Implying well known facts.
The biggest indicator of American decline is actually how many hours of work it takes to earn one ounce of gold. In 1950- 46 hours 1956-35 hours 1968-22 hours Today- it is between 289 and 79 hours factoring in time and a half overtime. Minimum wage in America has lost between 84-93% of its value using this metric.
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Burgers used to be smaller. A quarter pounder was a big burger.
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Heh, look at this dumb sattire. There’s no way it would take simplifying the economy down to a single food item before our superior American intellect realized that our government was actually our enemy. Anyway…
Trump take egg
/s
The BigMac Index was actually a really good metric. It’s sold nearly everywhere in the world, was a low margin product, and depends on a complex global supply chain that’s a good stand-in for other supply chains. It was used as a way to cut-through governments reporting innacurate numbers.
how does minimum wage only double when products go 16x? jesus the education system really is shit in the US. there would be constant riots in the streets if only people knew arithmetic
There’s a LOT of people that don’t understand inflation at all. They think something along the lines of, “I worked myself through college making $5/hr and it was hard and I didn’t get to buy all the things I wanted but it was fine. These lazy entitled people want several times that much for the same work?!”
So it’s not just basic math but basic economics and a basic understanding of reality that are sorely lacking.
Look at how much corporate profits have gone up though
I believe the common strawman is “if min wage goes up, prices go up” which… You know just admits the system is there to abuse. “If you make more money then we’ll take more money from you”.
the idea is that wages are part of expenses which contribute to prices, which is why you need more regulation about this sort of thing. the best part is that when the min wage doesn’t go up, the prices still go up.
The last time this showed up people pointed out that big Mac’s cost more like $1.50 in 1980. Still multiple BMs per hour but not as drastic.
I wasn’t alive then but 50 cents seemed low for a big mac, even for the '80s
