Montana Jones

Minimum wage sandwich

Me:

I'm already thinking ahead to how we will have to raise rates in 2008.

He:

You know, we didn't used to have to change rates so often. We could go for four or five years before we needed a rate change.

Me:

Well, from watching the last couple years I am convinced that rates will have to go up every year. It's a hassle.

He:

Yeah, food costs are going up, and that minimum wage is going to cost. You know, I have as much empathy for the people living in the ghetto as anyone, but hell, you don't get them out of poverty by lifting up everyone. Raising the minimum wage only makes everything cost more. The cost of every sandwich.

Me:

Around here wages were already up anyway. Doesn't help us.

He:

That's how you can tell what minimum wage is you know, the cost of a sandwich at a restaurant.

Me:

Hmmm, really?

He:

Yup, that's how you tell what the local economy is like somewhere. Go to the lunch counter and order a sandwich, or a hamburger. A basic working mans lunch sort of thing and it will cost roughly what the hourly minimum wage is in that area. Not a McDonalds or fast food, but a sit down sandwich.

Me:

I never knew that. Sounds about right though.

He:

And the minimum wage change is just going make every sandwich more expensive.

Labels: business, conversation, cost, inflation, minimum wage, money, rates, restaurant, sandwich

Posted by: Montana Jones / 8:35 AM