not sure by what metric you calculate it would cost $10 to get a big mac.
pretty much everyone down the line, from the rancher, to the factory schmuck that produces the patty, even the oily zit-herder behind the counter asking if i want fries with that has safe working conditions and a somewhat livable wage.
i'm not sure how setting up a seasonal worker system and paying the immigrant who picks the lettuce a fair wage would quintuple the cost of that diarrhea producer we so lovingly call the 'big mac'.
my objections are with the corporations that mine child labor from other countries, or exploit workers in unsafe working conditions, while killing american jobs in the process all in the name of a 'better than projected 2.3% increase in profits'.
ben & jerry's does not have to charge 5x more than the next guy to produce decent ice cream.
if only every business could be run by two stoners from vermont.
did you know in france they call it 'le big mac'? it's true. i have video evidence
The metric I use is primarily the 'livable wage' you mentioned. We'll leave for another time the effect of burdensome regulations on prices and wages.
If I had my way there would be
no minimum wage. But like the regulation topic, we can discuss that another time.
I think we can all agree that no one can really live on the minimum wage. Which means that the minimum wage would need to be raised. Every time the government raises the minimum wage, negative consequences ripple through the economy.
http://www.associatedcontent.com/article/5543026/government_mandated_minimum_wage_harmful.html
So hypothetically, let's say the 'livable wage' is $15 an hour. Most people could live on that,
provided all other prices remain static. But that would
never happen unless the government went all
Hugo Chavez on us and prohibited business from raising prices in response to government-instituted pressures on business.
What would happen to convenience store prices if all employees there made at least $15 an hour?
What would the price of the Big Mac rise to if all the paper hats were paid a minimum $15 an hour?
What would a loaf of bread cost?
I could go on, but you get the point.
And there is something I have noticed about a very large number of minimum wage employees.
They suck. There is reason why they make minimum wage. Many minimum wage employees lack a strong work ethic and soft skills like reliability and the ability to arrive to work on time ready to work. Even if a minimum wage employee is decent they soon become discouraged and fatigued picking up the slack and not being rewarded because the employer is forced to pay the shitty employees a minimum wage. So under the minimum wage, dependable minimum wage employees subsidize crappy minimum wage employees. What a well thought out and wonderful scheme!
So let's reward those slackers by paying them a 'livable wage.' Prices go up. And the employees who actually do the work are punished because they will not receive merit raises because the slackers are sucking up those wages.