DMTER
Well-Known Member
Should we be weighing the dollar against a basket of fast food products....Please come back when you understand child
Note to retirees - It is not your money...
- Thread starter NLXSK1
- Start date
UncleBuck
Well-Known Member
yes, we should. it is a good index. it takes into account energy costs (to run the restaurants), transportation costs (to transport the food from "farm" to kitchen), costs of food (beef is a huge staple), and rent (need a storefront).
it wasn't my idea, either. it was the economist who invented the big mac index.
http://en.wikipedia.org/wiki/Big_Mac_Index
maybe it is you who is the child, child.
Dr Kynes
Well-Known Member
if the cost to manufacture of any item, from apples to zebra skin coats raises 10% (whether by taxation, regulatory costs,, wage mandates, etc) then the manufacturer has several options:
make the product smaller
reduce product quality
cut workforce and try to squeeze more productivity out of the remaining workers
move production to a new location where costs are lower
Raise prices
Cut into Profits
who here can tell us what combination of these options Mc Donalds has adopted to keep the Big Mac price steady?
(hint: "Cut into Profits" is NOT one)
DMTER
Well-Known Member
Yes I have seen the cute Big Mac index you do realize its kinda a tongue in cheek index...
firstly in 2000 Big Mac was about 1.89 in 2010 3.73 looks like more Big Mac for your dollar right
secondly it is used to measure ppp with other curencies
use the CPI for your point however flawed it is....much better for you child
UncleBuck
Well-Known Member
no need to cite the part about you being a baffler with bullshit, or racist rabbits flocking to you. that's just obvious.
you can google min wage graphs or the big mac index if you want.
you dollar bought more big mac in 2010 than in 2000, but wages went up about 50% in the meantime.
magic!
you can google min wage graphs or the big mac index if you want.
you dollar bought more big mac in 2010 than in 2000, but wages went up about 50% in the meantime.
magic!
UncleBuck
Well-Known Member
FreedomWorks
Well-Known Member
Why are we all still comparing the Bush family to the Obama family? A bush wrong plus an Obama wrong; doesn't make a right. "Two wrongs don't make a right."
http://www.usinflationcalculator.com/inflation/current-inflation-rates/
http://www.usinflationcalculator.com/inflation/current-inflation-rates/
UncleBuck
Well-Known Member
says the guy who had never heard of the big mac index...and then tried to pretend he did.
Harrekin
Well-Known Member
You realise during a recession, initially this magical force called deflation does it thing.no need to cite the part about you being a baffler with bullshit, or racist rabbits flocking to you. that's just obvious.
you can google min wage graphs or the big mac index if you want.
you dollar bought more big mac in 2010 than in 2000, but wages went up about 50% in the meantime.
magic!
Cos when people have no money, leisure/optional products decrease in price or they sell far less.
If you'd looked at your list, none of those items are considered staples and some of them have perhaps just lost popularity.
Keep failing dude.
DMTER
Well-Known Member
You are comical, hop on any of the popular forex websites with the same name I am sure I will see you around we can speak of your Big Mac index and the import of it. Will definitely be a learning experience.
real quick according to the Big Mac index 2000 the price of a Big Mac was $1.89 and in 2010 it was $3.73 there was an average of 2.52% inflation for those years you do the math instead of throwing up bullshit charts Bucky boy
Dr Kynes
Well-Known Member
nuhh uhh!!
when faced with declining sales and a tightening of purse strings the first thing EVERY RETAILER DOES IS RAISE PRICES!!
everybody knows that!!
Dr Kynes
Well-Known Member
so wait, i thought the "minimum wage went up 50% between 2000 and 2010???no need to cite the part about you being a baffler with bullshit, or racist rabbits flocking to you. that's just obvious.
you can google min wage graphs or the big mac index if you want.
you dollar bought more big mac in 2010 than in 2000, but wages went up about 50% in the meantime.
magic!
$5.15 to $7.25 is not a 50% increase, therfore your arguments are ALL INVALID
*note: many states and municipalities have their own minimum wage, and most of those have NOT gone up at all over the last 10 years.
UncleBuck
Well-Known Member
i said about 50%.
$2.10 is 41% of $5.15.
41% is about 50%. maybe. more or less.
fuck you
edit: i was indeed looking at 1990-2000. i am the stupid.
Dr Kynes
Well-Known Member
41% is not 50%,, therefore every argument you make is invalid.i said about 50%.
$2.10 is 41% of $5.15.
41% is about 50%. maybe. more or less.
fuck you
edit: i was indeed looking at 1990-2000. i am the stupid.
remember we are not allowed to be anything less than precise in a thread where you are present.
mind them typos lads, stay sharp!
Edit: Oops! Two Commas!! now everything I say is invalid too!
UncleBuck
Well-Known Member
41% is about 50%. it's close enough for rural work.
NLXSK1
Well-Known Member
You complain that I am a couple percentage points off yet you can be almost 10% off?? Talk about hypocritical double standards...
Maybe I should give you a little slack since you learned new math and all... Probably the reason you cant get a real job...
doublejj
Well-Known Member
Well the same government that re-directed SS moneys can just put it back. If it was that easy to divert the funds then it's just that easy to re-direct them. You youngsters need to accept that SS WILL continue to be funded because the Grey block of Baby Boomers that bought into it, will see too it. You young people better just quit squirming around and get used to the feel of the yoke around your necks, because us retirees ain't going anywhere. Retirees can see the obscene profits, companies are making in America, and we can't find a way to fund our obligation to our retired workers? IDTS!....Not while I can still vote!.......Oh look it's the 1st of the month again, my retirement check has been deposited!
Sorry kids, pay your debts!
Dr Kynes
Well-Known Member
thats a prety awesome Knee jerk Reflex gramps.Well the same government that re-directed SS moneys can just put it back. If it was that easy to divert the funds then it's just that easy to re-direct them. You youngsters need to accept that SS WILL continue to be funded because the Grey block of Baby Boomers that bought into it, will see too it. You young people better just quit squirming around and get used to the feel of the yoke around your necks, because us retirees ain't going anywhere. Retirees can see the obscene profits, companies are making in America, and we can't find a way to fund our obligation to our retired workers? IDTS!....Not while I can still vote!.......Oh look it's the 1st of the month again, my retirement check has been deposited!
heres the Bullet Points:
1: Social Security IS a Ponzi Scheme, requiring several new investors to pay out for each old one, untill eventually it WILL collapse.
2: the SS trust fund is an imaginary construct that only existed for 3 or 4 years before it became just another pipeline into the Discretionary Fund
3: those who are NOT retired are funding the retirement of those who ARE retired, and only an idiot plans on Social Security being there in the future if he is under 50.
4: NOBODY HAS SUGGESTED ending this entitlement and fucking over those who are already dependent on the program
5: the faulty and untenable Social Security scheme is doomed to fail, no matter what any booster says. the math just doesnt work.
6: we, the Post-Baby-Boom generation are already on the hook for your generation, we are resigned to that fact, we are well aware that we WILL be funding YOUR SS, but we have ZERO CONFIDENCE that we shall receive the same benefits.
7: We, the Post-Baby-Boom generation want to see the program either fixed, or ended, but NOT in a manner that will reduce Gam-Gam and Pop-Pop to living in a cardboard box eating dog food.
Harrekin
Well-Known Member
Never heard of a "Contributary Pension" over there?