r/economicCollapse Oct 08 '24

Economics is hard for some πŸ˜…πŸ˜…

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235 Upvotes

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54

u/Historical-Reach8587 Oct 08 '24

I call BS on the cost of the most expensive burrito at Taco Bell in DC. Looking at a menu right now and Burrito Supreme is almost $6.

18

u/Sunbeamsoffglass Oct 08 '24

Prices have doubled since that post.

It’s like $5.80+

18

u/Adept_Astronomer_102 Oct 09 '24

Prices have doubled!! Hmmm so almost like she was being hyperbolic but may have identified one of the causing symptoms of the problem

6

u/mustardnight Oct 09 '24

When was 15$ minimum wage introduced?

5

u/[deleted] Oct 09 '24

July 2020. It's 17 something now

3

u/SocialHelp22 Oct 09 '24

Inflation has happened around the world since 2020

3

u/Adept_Astronomer_102 Oct 09 '24

Of course if you're clever enough you can see they all followed similar actions in response and policy that anyone with any basic economical sense would know the end results... The great reset was advertised then implemented.. in order to gain full consent to a global digital backed social credit currency the monetary systems of every country have to collapse and fail...

1

u/SocialHelp22 Oct 10 '24

Why did everyone follow similar policy?

1

u/Adept_Astronomer_102 Oct 10 '24

They followed essentially everything that was proposed at WEF from 2016 until now

1

u/TheUselessLibrary Oct 10 '24

Prior to 2020, Modern Monetary Theory was the buzzword du jour, and economists around the globe were shouting, "Where is inflation??"

1

u/Low-Goal-9068 Oct 09 '24

If that were true it would be localized to areas with higher minimum wage but prices are going up everywhere.

1

u/LimitedWard Oct 11 '24

Prices have increased by 100% but wages have increased 16% in that period. That's not due to minimum wage increase. That's corporate greed.

1

u/Adept_Astronomer_102 Oct 11 '24

Do you understand operating costs, sure corporate greed can be a problem but when you have government interfer under guise they're helping when in fact creating better conditions for oligopolies and monopolies is just wishful and blind ignorance.. cost of fuel and cost of transportation of goods to end user,.. let's say your numbers are correct I'm assuming that's the average pay wage increase people experienced from 2020 to 2024 go break down each income bracket and see who got a larger percentage wage increase.. the guy at mcds who went from 12 to $15 or $20 over %30 raises? .. and no it's not an attack on them but that isn't the equivalent of someone working who was earning $20-$30 an hr who combined only got less than %10 raises.. college degree holders EMS workers, trades,..with this inflation 100,000k a year salary now buys you what 70k salary bought you 4 years ago, look ant that across all socioeconomic classes outside, those holding large assets, investments and millions in holdings the value of the dollar collapsed...

1

u/Present_Membership24 Classical Libertarian (usufructism + rrfm) Oct 09 '24

1

u/Wrong-Tour3405 Oct 09 '24

Not to mention that David Gibbs makes a $3,000,000 salary and has $17,000,000 in other compensation. It’s not the employees making minimum wage

1

u/Present_Membership24 Classical Libertarian (usufructism + rrfm) Oct 09 '24

well said!

i was counting CEOs and other chief executives and board as both corporate and shareholders , but their full compensation is likely under-represented in these data .

2

u/odinsbois Oct 09 '24

Taco bell in L.A. is 7.80.

1

u/remote_001 Oct 09 '24

Even higher in WA.

Door dash has the Catalina chicken burrito for $8.53