Absolutely. Beef will get more expensive because it requires a lot of drinkable water, and minimum wage will go down because it doesn’t keep up with inflation.
So there are states where the politicians would tell business people “it’s not our fault you pay so much, we’d never want minimum wage at $7.25 and that’s why we never raised ours… we gotta fight for states’ rights!” (?)
Instead of matching the federal minimum (which is kind of a waste of time you could argue but that would occasionally send a different message at least)
You gave current big Mac prices yet wages from 2019. For example California now has $16 minimum wage and special $20 minimum wage for fast food workers.
Seems like there’s a few place with lower mac price but higher min wage, and from a quick glance it seems like higher minimum wage win a lot because at least in california you can buy more mac than say, new mexico or texas.
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.
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.
I wonder if we will ever see a Big Mac that costs more than an hour’s worth of minimum wage work.
Absolutely. Beef will get more expensive because it requires a lot of drinkable water, and minimum wage will go down because it doesn’t keep up with inflation.
Just want to add for those who might not know, if the state minimum is below the federal, then the federal is used as the minimum.
So there are states where the politicians would tell business people “it’s not our fault you pay so much, we’d never want minimum wage at $7.25 and that’s why we never raised ours… we gotta fight for states’ rights!” (?)
Instead of matching the federal minimum (which is kind of a waste of time you could argue but that would occasionally send a different message at least)
You gave current big Mac prices yet wages from 2019. For example California now has $16 minimum wage and special $20 minimum wage for fast food workers.
Seems like there’s a few place with lower mac price but higher min wage, and from a quick glance it seems like higher minimum wage win a lot because at least in california you can buy more mac than say, new mexico or texas.
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.
Hoosier here. Suck it, Alabama and Wyoming, you have even shittier minimum wage than we do!
Wait, we all lose.
😕