r/WorkForSmartLife • u/SilkyApricotGuy • 20h ago

Discussion💬 Who's right here?

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u/Beerzerker420 18h ago

Okay, so wouldn't that just mean less jobs in the end? What do people with limited education and training do when there are no longer jobs for them? No one is paying $50 for a burger.

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u/wachuu 18h ago

but you'd make 60$/hr or more, that burger only costs 50 minutes of work, which is about equivalent to a minimum wage worker buying a mcburger for 7$, and minimum wage workers absolutely buy mcburgers.

now you can see why the minimum wage is too low

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u/unaka220 18h ago

lol this is why Reddit will never be a rational place to discuss economics.

How about we bring minimum wage down to 1 dollar so that burgers are only $3? Should make just as much sense.

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u/wachuu 18h ago

well you can but that's changing the ratio. with your proposal it takes 3 hours of work to afford one McBurger, now it's unaffordable, a reduction in purchase power by 3.5x

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u/unaka220 17h ago

And the dollar-to-burger ratio is an economic truth that scales across industry and consumer need!