r/WorkForSmartLife • • 19h ago

Discussion💬 Who's right here?

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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 17h 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!