Biden Wants 15/Hour Min Wage

[CJD]

(01-18-2021, 04:53 PM)Benton Wrote: Plus, presumably, more people will be able to afford a big Mac, so mcdonald's should sell more. 

Exactly. And, I didn't know where exactly to fit it in to my post about the cost increases, but Big Macs operate on a supply and demand curve just like every product in existence. If they become too expensive, they will simply not be bought. This means that McDonalds can't increase the cost of a Big Mac by a number that would make the product undesirable (I would never spend 12 dollars circa 2020 for a Big Mac combo, the value is not there) and therefore they would need to lower the price and *gasp* make slightly less profits.

I know it terrifies conservatives to think that a corporation might make slightly less money, since the objective of Capitalism is to make more and more and more and more money every single year (and the CEO gets fired if you ever make less money in a subsequent year), but I personally think prevention of human suffering is more important than mega corporations' bottom line. At least some times.