here is a link to the study that the article cites : https://irle.berkeley.edu/wp-content/uploads/2024/09/Sectoral-Wage-Setting-in-California-09-30-2024.pdf
The infuriating part about this is that I try showing these things to people who claimed 10 years ago that $15 min wage would lead to $35 BIG MACs.
And whenever I try to show them the results, like this, they reply with “I don’t remember saying that…”
Then they wonder why I don’t talk to them anymore or consider their opinions on anything.
I knew a person who thought if Hillary became president it would lead to WWIII because women in power would upset the world view of men in charge.
I just looked at him and said “So you don’t have a fucking CLUE who’s in power in other countries then, and remain willfully ignorant on world views.”
Now, everytime I have to be around me, he’s trying to tell me how in 5 years the U.S. Dollar won’t exist. It will be all crypto, because it’s decentralized and has no government overreach. Then he said “you can even get it at 7-11 at their ATM.”
I just replied “How do you not get punched more often?”
I mean… the fact that the Government cannot really control cryptocurrency is viewed as a downside by quite a large portion of the population.
It would be fun for that guy to discover transaction fees and wait times for crypto when he actually tries to pay with it.
Some are extremely quick with fees that amount to basically nothing compared to the current fees for card transactions (that are paid by the stores instead of the customers, so they end up being included in the price of what we’re buying, it’s just not transparent).
Algorand takes something like 4 seconds to execute a transaction and the fees are about a cent, Nano has no fees and transactions take less than a second…
There’s a lot to criticize about Cerrito, but on those points, not all cryptos are Bitcoin or Ethereum!
Are you living in an asylum, or just in USA?
Maybe there’s something in the water where you live?PS: The fact that Trump is a presidential candidate, and has a chance of winning, is evidence that USA as a country suffer a serious mental disease.
The number of politicians in congress that are outright conspiracy theorists and obviously crazy is also evidence for that.
Crazy is the new normal in USA, and I feel really sorry for all the rational even brilliant Americans that have to live in that environment.
My sister in law works high up in corporate for a California fast food chain. They did have to cut some jobs. At corporate. Boo hoo.
Good tell those bums to get a real job.
That’s so weird. It’s almost as if the majority of the money people pay for fast food is going to something other than workers’ paychecks. It’s also almost as if the price increases from “inflation” were lies because there seems to be plenty of margin.
Assuming a linear relationship between price and demand, then if you increase the cost of product, the price where the most profit is generated moves by half of this amount.
Didn’t fast food prices increase something like 30% though? At least in my area I remember mcchickens being way cheaper a few years ago
McDonalds and a lot of the other big chains have went up drastically nationwide. It has nothing to do with the CA wage hike.
Sure, but I think the point is that raising minimum wage didn’t cause that. Inflation (read: corporate greed) really harmed grocery, food, etc. prices, especially during the pandemic. It truly became a game of how much can we raise these prices until people consider not paying for it
The game is still afoot as far as I can see.
I mean, that’s always the game in sales.
