Interesting Mickey D's analysis

[Willie99]

A quarter pounder meal should cost $15. Fat asses who put that shit in their body deserve to be taxed accordingly (similar to tobacco).

hey, I like the quarter pounders, back off

 

[SheriffJoe]

I saw this point in an e-mail, and it really strikes home:



The feds can mandate a higher wage, but some jobs don’t produce enough economic value to bear the increase. If government could transform unskilled entry-level positions into middle-income jobs, the Soviet Union would be today’s dominant world economy. Spain and Greece would also be thriving.

Right.

Higher wages increase the costs of production, forcing companies to raise their selling prices. As the prices of products rise consumers will buy less of them resulting in less output of goods produced and sold.

It is comical hearing ignorant left wing ideologues bitch about things like high unemployment. Unemployment is the end result in an industry if wages are above the market equilibrium and some institutional force keeps them from being bid down.