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Raising Minimum Wage Just for Show

Discussion in 'Economy' started by ethics, Apr 2, 2015.

  1. ethics

    ethics Pomp-Dumpster Staff Member

    I am sincerely in the middle of the whole debate. On the one hand, economically, it's not something one does artificially. On the other, with the rest of economy rising up there's one downer that's sticking tight in the negative, wage growth.

    Anyway, back to the post, as you may have heard McDonald's are raising their minimum wage but if you actually read what it is actually raising...

    Pretty pathetic, really.

    The Empty Feeling of McDonald's Pay Raise - Bloomberg View

    But folks, as an aside, the fast food model is changing fast.

    Losers (people buying less of)
    Burger King
    McDonalds
    Wendys
    Arbys

    Winners (the new fast food)
    Chipotle
    Choppd (salads)
    Sushi places
     
  2. ethics

    ethics Pomp-Dumpster Staff Member

  3. Biker

    Biker Administrator Staff Member

    There's an awesomely great sushi place just around the corner from the house here. They're pricey, but man oh man is their stuff gooooooooooooood!
     
    ethics likes this.
  4. Allene

    Allene Registered User

    Interesting! "Responsibly raised pork"--LOL! I just cannot get into sushi, and this is coming from someone who will eat almost everything else except caviar and anchovies. I had to eat caviar at some of the dinners shared with Russians that we went to in Russia in 1993 (Citizen Ambassador People-to-People trip). It would have been rude not to eat it.
     
  5. Biker

    Biker Administrator Staff Member

    These guys do a crazy roll that is out of this world.

    BBQ Eel, Avocado, Cream Cheese, deep fried with Tempura and topped with a spicy mayo and eel sauce. I make an absolute pig of myself with those.
     
  6. Copzilla

    Copzilla dangerous animal Staff Member

    I can blow up a hundred dollar bill in a good sushi bar. I love sushi.

    I am avoiding fast food though, for certain. For lunch, Rita and I do Salada a lot, Chipotle, Jason's Deli, a Greek place here called Niko Niko's.
     
    ethics likes this.
  7. ethics

    ethics Pomp-Dumpster Staff Member

    There you go, summary of where the trend is shifting to.
     
  8. ethics

    ethics Pomp-Dumpster Staff Member

    Just to add to the conversation as to what the upper rich eat. And what IS wealth.

    Let me explain: very wealthy people aren’t as interested in materialism as they used to be—they’ve already done it all. Once you have a super yacht and a Gulfstream, what else? After you’ve drank every Grand Cru Burgundy, what’s next? Health is the new wealth, and, well, the majority of the people who come to Del Posto are rich and want to live forever.

    As a side note, working with multi-millionaires I can tell you that Hollywood version of the rich and how materialistic they are is hilarious. You would think these people are hoboes on the street if you saw how they dress and carry themselves.

    Health is the New Wealth | Lucky Peach
     
    Copzilla likes this.
  9. Allene

    Allene Registered User

    They're like the "old money" people in Boston when I lived there--thrifty Yankee families.
     
  10. dsl987

    dsl987 Member

    ethics and Allene like this.
  11. MemphisMark

    MemphisMark Old school Conservative

    As I remember, there was an organization who was somewhere pushing for a $15/hour "living wage," then advertised for a web developer... for like $10/hour.
     
    dsl987 likes this.

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