Minimum wage in mathematical terms

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UncleBuck

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so back to inflation.

sketchy etchy, please confirm that australian min wage is $16.88, and the price of a big mac in australia is $4.80.

that's what i just found on a quick search anyway.

since $1 AUD = $0.9024 USD, that means an aussie big mac costs $4.32 USD (versus $4.20 USD for an american big mac).

so in australia, the min wage is 232% of american min wage, but a big mac is 103% of an american big mac.

that kind of destroys the theory that min wage increases lead to soaring prices.
 

echelon1k1

New Member
so back to inflation.

sketchy etchy, please confirm that australian min wage is $16.88, and the price of a big mac in australia is $4.80.

that's what i just found on a quick search anyway.

since $1 AUD = $0.9024 USD, that means an aussie big mac costs $4.32 USD (versus $4.20 USD for an american big mac).

so in australia, the min wage is 232% of american min wage, but a big mac is 103% of an american big mac.

that kind of destroys the theory that min wage increases lead to soaring prices.
you can't confirm that for yourself? as to the bolded that's the only factual thing I've seen you post.
 

burgertime2010

Well-Known Member
so back to inflation.

sketchy etchy, please confirm that australian min wage is $16.88, and the price of a big mac in australia is $4.80.

that's what i just found on a quick search anyway.
Is McDonalds a real barometer of the economy?
since $1 AUD = $0.9024 USD, that means an aussie big mac costs $4.32 USD (versus $4.20 USD for an american big mac).

so in australia, the min wage is 232% of american min wage, but a big mac is 103% of an american big mac.

that kind of destroys the theory that min wage increases lead to soaring prices.
No the Aussies know it's horsemeat and they are happy to get such a value.
 
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