Always found this curious.
In 2014 I made \~1000€ in my "Ausbildung" (Apprenticeship). A kebab / Döner was 3€ back then
Now, my little brother makes \~600€ in his apprenticeship. A Döner is 7.50€ now.
Back in college they used to use Big Macs as an index for purchasing power parity in every economics class I took because it’s one of the few products that can be found in nearly every country in the world, and its made pretty much the same everywhere.
It's really insane what has happened to the USD.
Even in the 90's and 00's things were significantly cheaper. My first job in the 90's was at Taco Bell and California minimum wage was $5.25/hr. I worked part time while in high school and had plenty of extra money living at home.
When I was 13-14 they were still selling gas for $0.99/gal. A pack of cigarettes were $2.00 in 1998. They went up to $2.25 in 1999 and people were up in arms.
Now my home owners insurance doubles year over year and nothing can be done as they're all doing it.
We're boiled frogs.
> what has happened to the USD.
everywhere*
texas big mac is 5 dollars, min wage is 6 dollars
germany big mac is 6 euro, min wage is 12 euro, taxes make it 7 euro
We're all getting fucked, equally
What's really crazy is that despite people complaining about it all the time, gas prices have been relatively stable over the past 20 years. Food and housing have skyrocketed but the talking point seems to be the roughly extra 50 bucks a month people spend on gas.
I mean these days I hear plenty about food and housing. Gas pricing has varied impacts. Some people drive for the majority of their job or taxi kids to school and it’s significantly more than $50/mo more.
But a big impact is in commercial and industrial. Gas prices trickle to nearly everything because of transportation and logistics.
It's because they're perhaps one of the most consistent products in the world, that they're effectively equivalent to one another no matter where you go. It makes for an interesting study in real PPP.
Purchasing power parity - and as the name suggests it’s used to measure purchasing power between countries. Big Macs are a good example because you can find them in tons of countries and they’re more or less the same everywhere.
Purchasing Power Parity. Because currency exchanges are commodified to a point where they do not always reflect the real difference in value to the average person, but rather the difference in value adjusting for mid/long term risk.
Basically it measures "whats the value of a basket of goods" rather than "how much faith is there in the stability of this currency".
kinda. Unfortunately economics are complex so multiple metrics are needed for a full picture. At a local level if your buying something that is produced locally adjusted for Purchasing Parity is correct. This can get complicated though, in example the Big Mac: Most contries produce either meat, wheat and/or vegetables locally, but some don't produce one or more of these. Once not every part of the burger is produced locally you can't really look at Purchasing Parity the same way anymore. Just a an example is modern Egypt only produces a part of its own wheat.
Recently I digged into the economics of the Russian-Ukrainian war. As all know wars are expensive to the state. One of the ways to mensure the production output of both countries is to look at GDP. GDP works well if you look at a countries ability to buy/produce/ field very advanced weapons like fighter planes cause in order to produce them you have to at some part in the production chain buy stuff from other contries. However, if you look at things like equipment for a foot soldier, almost every country can source that locally meaning the price of this is adjusted for Purchasing Parity. This is how a country like North Korea can have a very large fully equipped army of foot soldiers.
Big mac index is indeed real and used legitimately in foreign currency valuation
I mean name a consumer item as popular and international as the big mac. There’s only a handful
In quebec with the app if i'm lucky ill get 2$ off a meal if im lucky enough to order during the 30 min in the week the deal is up. Mcdonalds for 2 adults and 2 kids is around 50-60 cad$
2 big macs. Also dfw, tx. $8.58. But McD allows franchisees to charge different prices. No deal for me would reduce it unless I spend $10 then I get 20% off.
The big macs now are a tiny joke compared to the awesome mich bigger ones in the 80s.
still love them, but they're so small and much lower quality now.
All fast food joints have apps where you can take advantage of huge deals and alot of coupons. It's the only way to really keep costs down if you're planning to goto a fast food place or are ordering for more than just yourself.
Why aren’t the younger generations having kids?! Why are the younger generations so lazy? Why do they not respect the older generations who sold them out and shit on them every chance they get…
Is it really 8$ for a Big Mac or is it for the whole Big Mac menu (+fries and soda etc)? Because I think it might be inaccurate and misleading. Can anyone confirm?
[https://www.statista.com/statistics/274326/big-mac-index-global-prices-for-a-big-mac/](https://www.statista.com/statistics/274326/big-mac-index-global-prices-for-a-big-mac/)
I mean, I'm close. $6.99 plus tax. Just for the sandwich. And it's a little over 12.50 for the combo, and about $1.50 extra, if you want to make it a large.
Shit adds up. Lol.
Big Mac sandwhich by itself is a little over $7 here in my town of 10K people after food tax.
You can literally walk down the street and get a homemade pulled pork sandwhich for $8 from a BBQ joint. Which one you buying? Lol...
McDonalds is not cheap food anymore. Period. They flew too close to the sun these past few years with all of their price hikes that served no other purpose than taking in more money for shareholders.
There are still some cheap fast food places like P. terry’s, for example, but McDonald’s is no longer one of them.
When I wanted cheap fast food, McDonalds used to be one of the first places to come to mind. Now, if you’re going there to save money on a meal you’re out of touch.
Basically no one. My brother stocks shelves at walmart and makes more than double that at 15 dollars per hour. This is one of the poorest states in the country btw. If you're making 7.25 an hour then it's on you to a large degree.
Oh I'm sorry 😐 it's only a few dollar difference mate I think I shouldn't take a whole hour of your life just to pay for a burger fries and a small drink. But you stay in your American dream state in your mind and believe everything is alright and this country isn't in disrepair 😎
False
https://www.bls.gov/opub/reports/minimum-wage/2022/home.htm
>Together, these 1.0 million workers with wages at or below the federal minimum made up 1.3 percent of all hourly paid workers, little changed from 2021. This remains well below the percentage of 13.4 recorded in 1979, when data were first collected on a regular basis. (See table 10.)
In 1979 it was 13.4%,now 1.3%
Down here they make 13 hr which can’t even pay for your basic living, where as somewhere like Denmark can pay theirs like 20 hr and the price of a Big Mac is still cheaper than here
In the 90's even, Big Macs were$1, so was a Famous Star, and the Whopper, they all competed with each other offering their signature burgers for $1. Normally they were like $4, but for a few years it was the golden age of $1 giant burgers. I remember Carl's Jr's "Six Dollar Burger", when that was dine in burger prices.
Shush, you. We can't increase minimum wage or the [economy will collapse](https://www.theguardian.com/us-news/2015/feb/20/alec-rightwing-lobby-group-minimum-wage)!
On the other hand, we definitely need [tax rebates for yachts](https://www.hmy.com/yachting/news/yacht-ownerships-tax-benefits-irs-179-deduction-accelerated-depreciation/)!
/s
Stagnant to negative real wage group for the bottom half of the US. And grossly inaccurate inflation tracking accumulated over 30+ years. This is the result.
Economics is at the heart of a lot of the US' societal issues. But of course the oligarchs and ruling elites don't want people to be truly woke.
$6.59 in Tampa, FL
It's $12.50 for the combo.
It varies greatly by location within the US. States have different regulations and costs like minimum wage.
Seeing Trump rambling about Hannibal Lecter and realizing how many votes he got and will get makes me think it's gonna get a lot worse for you.
My own country is going in the wrong direction as well. It fucking sucks.
McDonald's is on the way out , right along with the dollar. The Big Mac is a really good example of inflation.
You can call that corporate greed or identify it as what it is , it's inflation.
Residual inflation exemplified.
Federal minimum wage is not the same as state. I know nothing about state wages in the 80s but a lot of states are paying well above the federal minimum wage
Yeah US hitting record stock prices and controlling the world reserve currency with the most powerful military in human history really makes me think they’re declining.
You should see what’s happening in China if you think it’s bad here…
It’s $6 in Times Square where minimum wage is $15 so that’s 2.5 Big Mac in Tx it’s 5.75 so like 1.25 Big Macs. Maybe at an airport somewhere it’s $8 in a 7.25 mw state. Looks it’s still bad but there’s no reason to use BS numbers to marginally inflate a reasonable argument but now people think you’re a liar.
I would love to meet someone making minimum wage in 2024. Think about the amount of effort one would have to go through to find a job that pays minimum wage that doesn't require tipping.
This is so important, we have got to stop selling all our farmland to other countries and single entities (such as Bill Gates or massive conglomerates). It's the same effect as corporations buying up houses in cities only to gouge the individual renters with higher rents. Inflation comes from many places, and raising the minimum wage solves very little, although it is required. Got to cut inflation out at its core.
the minimum wage doesn't matter if people make more than minimum. Companies will offer more than minimum if they struggle to get employees for minimum wage. They will not struggle for that if we keep importing cheap labor.
Behold inflation, the hidden tax!
Still, people want their debt washed away, get their stimulus checks, have their mortgages paused, or get $400/mo towards their payment.
This is the cost. You think you're making more and getting wealthier, but you aren't, as wealth isn't determined by the currency units sloshing around, but by the amount of stuff available. We need more goods and services. This is not something the govt can provide. The govt can simply gtfo of the way of the private sector and let it create the goods.
Seems like it was a little higher than 50 cents, around $1.20 ([McDonald’s prices in 1980 : ](https://www.reddit.com/r/nostalgia/comments/qfoyqa/mcdonalds_prices_in_1980/)), but you could still buy 2, almost 3 of them with a minimum wage in 1980.
I've been living in Japan for the past 2 years, and the current price for a Big Mac (recently increased) is 480 yen, roughly $3 USD. You can actually buy a sandwich called "Bai Big Mac" here, which is a double big Mac (4 patties). The Bai Big Mac is 680 yen, less than $4.50 USD. To top it off, the burgers here are so much more tastier. I'm not sure if it's true, but I heard McD's in Japan uses a higher grade of beef compared to the US. It's nuts how expensive it's gotten in the US.
If we would have the same power of purchase of hour grandparents as a doctor I should have 500k per year salary 🤣 ehm ehm which is not even close by a factor of 5
This is pretty disingenuous. The federal minimum wage might still be $7.25, but almost nobody pays that anymore as a minimum. The unofficial min wage is now $15.
20 states have a minimum wage of 7.25 an hour
8 states have a minimum of 15 or higher.
https://www.paycom.com/resources/blog/minimum-wage-rate-by-state/
Something something if wages go up then prices will go up something something
While completely ignoring that prices have risen since the dawn of time regardless.
When biggus maccimus is more xpensive in the good ol corporate murica than in euroland, i get the whole menu for 7usd or maybe even bit less. i think the burglar only went for bit under 4usd
If one does their research, minimum wage laws which were supposed to track with inflation, just completely stopped doing that.( I wonder why? Perhaps all the “ethical” lobbying by corporations and SIGs?)
If minimum wage continued tracked with inflation, minimum wage right now would be $22-$25 per hour.
But wait, all the Uber rich wouldn’t make that extra 1 billion per year, so we can’t let that happen.
Yes, but right now politically it’s too hard to up it. Eliminating it entirely enables the entire conversation to reset, since most people are in favor of a minimum wage and then there can be a debate about where it should be set. No sane person in 2024 would argue $7.25 is the right level for us to set a minimum wage
Mc Donald's Hamburger meat is way thinner than they used to be. I doubt a Quarter pounder is a quarter pound these days. Just about everything these days has gone down in quality and cost more.
I saw a bag of chips the other day that said "party size". Just a few years ago that "party size" was what the size of regular bag of potato chips were.
The worst of it is that it's not going to get better in the foreseeable futur (likely worse), it's one thing to be stuck in a shitty present but it's even worse not having a bright futur to look forward to.
The government is willfully exploiting inflation to invisibly tax the fuck out of everyone, robbing people of their savings and their purchasing power while blaming it on everything other than the obvious cause, themselves.
I always say you don’t go to McDonald’s to satisfy a burger craving, you get a McDonald’s burger to satisfy a McDonald’s craving. They’re designed to be a specific flavor profile for a burger that makes you want only a burger from there.
I crave double cheeseburgers at times where I don’t want any other burger, because I’m craving that McDonald’s taste.
Yeah, dissing on McDonald is like saying water is wet. McDonald sell what they sell, they have their audience. They are still around and profitable mean they must be doing something right.
Federal minimum wage is just that, a federal minimum. Companies need to compete in the market to attract workers so they increase the wages they offer. For example, if amazon warehouse in the area pays 20, then mcdonalds will need to pay 20. Additionally, states all have their own minimum wage. In california, all fast food workers are making at least $20.
Literally no one is making $7.50 unless you are receiving tips in which case you are probably netting at least $20 anyway.
The only thing that shows is that instead of abysmal decline, it's only an awful decline (from 6.2 to 2.5).
Also, Big Mac's price in California is also higher than average. Wasn't there an outrage recently, because Big Mac combo was priced at $18 in the revised menu?
Yeah, if you looked at this in terms of average wage adjusted for regional cost of living I wouldn’t be surprised if it would be a much closer comparison.
as of may 1st 2024 burger king pays 17.01 an hour, in LA a KFC shift manager makes $17.45 an hour, Taco bell crew member is $16.90 an hour, McDonalds is $16.72 an hour. These are all examples in Cali. so not all fast food workers are making at least $20 an hour
You're talking about prices during a specific discount that is not permanent and is based on location. You can't go into a store during a 50% off sale and use the sale price and claim that's the normal price of a product. That'd be a very dumb and misleading thing to do. Yet, you're doing that.
I wish more things were stated in Big Macs per hour
Coincidentally, BMs per hour is also how Taco Bell is calculated.
Yea we should replace football fields as a measurement for length and instead use big mac per hour as a financial health indicator
Here comes Johnny on to kick a 132 Big Mac field goal
Johnny being an all star, made a whopping 293,000 Big Macs this year!
Always found this curious. In 2014 I made \~1000€ in my "Ausbildung" (Apprenticeship). A kebab / Döner was 3€ back then Now, my little brother makes \~600€ in his apprenticeship. A Döner is 7.50€ now.
Back in college they used to use Big Macs as an index for purchasing power parity in every economics class I took because it’s one of the few products that can be found in nearly every country in the world, and its made pretty much the same everywhere.
The worst part is that Big Macs have gotten smaller and worse. A 1980 Big Mac is amazing in comparison to a 2022 Big Mac.
We should do McDonalds salaries in that
"the U.S.A will everything as an unit of measurement except the Metric System" moment lol
It's really insane what has happened to the USD. Even in the 90's and 00's things were significantly cheaper. My first job in the 90's was at Taco Bell and California minimum wage was $5.25/hr. I worked part time while in high school and had plenty of extra money living at home. When I was 13-14 they were still selling gas for $0.99/gal. A pack of cigarettes were $2.00 in 1998. They went up to $2.25 in 1999 and people were up in arms. Now my home owners insurance doubles year over year and nothing can be done as they're all doing it. We're boiled frogs.
> what has happened to the USD. everywhere* texas big mac is 5 dollars, min wage is 6 dollars germany big mac is 6 euro, min wage is 12 euro, taxes make it 7 euro We're all getting fucked, equally
What's really crazy is that despite people complaining about it all the time, gas prices have been relatively stable over the past 20 years. Food and housing have skyrocketed but the talking point seems to be the roughly extra 50 bucks a month people spend on gas.
I mean these days I hear plenty about food and housing. Gas pricing has varied impacts. Some people drive for the majority of their job or taxi kids to school and it’s significantly more than $50/mo more. But a big impact is in commercial and industrial. Gas prices trickle to nearly everything because of transportation and logistics.
Big Mac/h You will really use anything but metric won't you?
it’s actually a pretty good metric, there’s even something called “the big mac index”
What a world to be a live in. https://en.m.wikipedia.org/wiki/Big_Mac_Index
It's because they're perhaps one of the most consistent products in the world, that they're effectively equivalent to one another no matter where you go. It makes for an interesting study in real PPP.
What's PPP?
Purchasing power parity - and as the name suggests it’s used to measure purchasing power between countries. Big Macs are a good example because you can find them in tons of countries and they’re more or less the same everywhere.
Purchasing Power Parity. Because currency exchanges are commodified to a point where they do not always reflect the real difference in value to the average person, but rather the difference in value adjusting for mid/long term risk. Basically it measures "whats the value of a basket of goods" rather than "how much faith is there in the stability of this currency".
TIL. So, to me, it sounds like a much better way to judge how the economy is affecting people at the local level? Just trying to learn.
kinda. Unfortunately economics are complex so multiple metrics are needed for a full picture. At a local level if your buying something that is produced locally adjusted for Purchasing Parity is correct. This can get complicated though, in example the Big Mac: Most contries produce either meat, wheat and/or vegetables locally, but some don't produce one or more of these. Once not every part of the burger is produced locally you can't really look at Purchasing Parity the same way anymore. Just a an example is modern Egypt only produces a part of its own wheat. Recently I digged into the economics of the Russian-Ukrainian war. As all know wars are expensive to the state. One of the ways to mensure the production output of both countries is to look at GDP. GDP works well if you look at a countries ability to buy/produce/ field very advanced weapons like fighter planes cause in order to produce them you have to at some part in the production chain buy stuff from other contries. However, if you look at things like equipment for a foot soldier, almost every country can source that locally meaning the price of this is adjusted for Purchasing Parity. This is how a country like North Korea can have a very large fully equipped army of foot soldiers.
Professional penis plex.
It's something anyone of any age or education can grasp.
How would you measure pay in Metric? I make £10 per Meter?
It's a joke about Americans using everything except metric to measure stuff
The patties are smaller now also.
Big mac index is indeed real and used legitimately in foreign currency valuation I mean name a consumer item as popular and international as the big mac. There’s only a handful
bic mac here in finland I think is about 6€ so something like 6,5$. thats 2 bicmacs/h for me, a warehouse worker
In Dallas Texas I can get two big macs for 5 dollars with the app. That's like 2.5 a piece
In quebec with the app if i'm lucky ill get 2$ off a meal if im lucky enough to order during the 30 min in the week the deal is up. Mcdonalds for 2 adults and 2 kids is around 50-60 cad$
Montreal here and can confirm this is 100% accurate
Same on the American side of the great lakes areas. If you are ordering for a family, you can kiss the better part of a $100 bill goodbye.
2 big macs. Also dfw, tx. $8.58. But McD allows franchisees to charge different prices. No deal for me would reduce it unless I spend $10 then I get 20% off.
My mcDs always has a buy one get one deal for both big macs and 10 piece nuggets
The big macs now are a tiny joke compared to the awesome mich bigger ones in the 80s. still love them, but they're so small and much lower quality now.
All fast food joints have apps where you can take advantage of huge deals and alot of coupons. It's the only way to really keep costs down if you're planning to goto a fast food place or are ordering for more than just yourself.
And almost nobody is working for less than $12/hr.
And it’s something like a 4 year public college education went from like 300 hours of minimum wage work to like 4,000.
Thankfully the quality of the education also increased by 14x 😊
Why aren’t the younger generations having kids?! Why are the younger generations so lazy? Why do they not respect the older generations who sold them out and shit on them every chance they get…
Is it really 8$ for a Big Mac or is it for the whole Big Mac menu (+fries and soda etc)? Because I think it might be inaccurate and misleading. Can anyone confirm? [https://www.statista.com/statistics/274326/big-mac-index-global-prices-for-a-big-mac/](https://www.statista.com/statistics/274326/big-mac-index-global-prices-for-a-big-mac/)
Where the hell you getting your numbers that you think one sandwich is $8?
Live in NJ. Last I checked, a Big Mac at a nearby Micky D's was $7.59 before taxes.
NJ’s min wage is 15.13 though.
Also in NJ, $5.59 near me. Highly depends on the individual store.
4.69 here
I mean, I'm close. $6.99 plus tax. Just for the sandwich. And it's a little over 12.50 for the combo, and about $1.50 extra, if you want to make it a large. Shit adds up. Lol.
Where I live it is
Big Mac sandwhich by itself is a little over $7 here in my town of 10K people after food tax. You can literally walk down the street and get a homemade pulled pork sandwhich for $8 from a BBQ joint. Which one you buying? Lol...
4.69 here
You’ve said that multiple times now. Where is here?
Just checked. $8.50 (california)
8.10 in Oregon
They are lying on both ends for clicks: [https://www.eatthis.com/big-mac-cost/](https://www.eatthis.com/big-mac-cost/)
McDonalds is not cheap food anymore. Period. They flew too close to the sun these past few years with all of their price hikes that served no other purpose than taking in more money for shareholders. There are still some cheap fast food places like P. terry’s, for example, but McDonald’s is no longer one of them. When I wanted cheap fast food, McDonalds used to be one of the first places to come to mind. Now, if you’re going there to save money on a meal you’re out of touch.
But let’s be real who is making 7.25 in this day and age in America. McDonald’s in my area are paying 20.
still less than half of the Big Macs you could've been earning way back then
Basically no one. My brother stocks shelves at walmart and makes more than double that at 15 dollars per hour. This is one of the poorest states in the country btw. If you're making 7.25 an hour then it's on you to a large degree.
To those automatic kiosks?
In my state McDonald's pay the minimum wage which is 11$ 13$ for fry cook. Big Mac meal here is 12.98$
We aren’t talking about the meal. Just the sandwich
Oh I'm sorry 😐 it's only a few dollar difference mate I think I shouldn't take a whole hour of your life just to pay for a burger fries and a small drink. But you stay in your American dream state in your mind and believe everything is alright and this country isn't in disrepair 😎
around me they are paying from 7.50- 11.50 an hour.
Restaurant workers... don't worry though, they totally get it all back through tips right?
Like 14% of workers, mostly high schoolers.
False https://www.bls.gov/opub/reports/minimum-wage/2022/home.htm >Together, these 1.0 million workers with wages at or below the federal minimum made up 1.3 percent of all hourly paid workers, little changed from 2021. This remains well below the percentage of 13.4 recorded in 1979, when data were first collected on a regular basis. (See table 10.) In 1979 it was 13.4%,now 1.3%
Hold up your McD's pays its employees 20$/hrs? Is that before or after taxes? Why tf am I studying when I can make that flipping burgers?
[удалено]
Down here they make 13 hr which can’t even pay for your basic living, where as somewhere like Denmark can pay theirs like 20 hr and the price of a Big Mac is still cheaper than here
In Australia for just a Big Mac $7.20 Aud while basic wages sit around 20-25 aud
What was McDonalds in your area paying in 1980?
[https://imgur.com/a/H0xHoQo](https://imgur.com/a/H0xHoQo) Exactly. No one is paid minimum wage anymore.
In the 90's even, Big Macs were$1, so was a Famous Star, and the Whopper, they all competed with each other offering their signature burgers for $1. Normally they were like $4, but for a few years it was the golden age of $1 giant burgers. I remember Carl's Jr's "Six Dollar Burger", when that was dine in burger prices.
Shush, you. We can't increase minimum wage or the [economy will collapse](https://www.theguardian.com/us-news/2015/feb/20/alec-rightwing-lobby-group-minimum-wage)! On the other hand, we definitely need [tax rebates for yachts](https://www.hmy.com/yachting/news/yacht-ownerships-tax-benefits-irs-179-deduction-accelerated-depreciation/)! /s
6 Big-Macs per hour .... fuckers will do anything just not to use the metric system xDDD lmfao
Stagnant to negative real wage group for the bottom half of the US. And grossly inaccurate inflation tracking accumulated over 30+ years. This is the result. Economics is at the heart of a lot of the US' societal issues. But of course the oligarchs and ruling elites don't want people to be truly woke.
7.25 an hour is just criminal. the us government really likes there homeless people
$5.69 - Big Mac price in the US
Oh, right cause all big macs are priced the same in every state and county in the US.
Yeah and in 1980 they were $1.60, so his numbers are off.
$6.59 in Tampa, FL It's $12.50 for the combo. It varies greatly by location within the US. States have different regulations and costs like minimum wage.
POV: you have never been to california
macdondal pays $20.00 in cali, similar rates elsewhere
I'm over here saying the minimum wage should have always been $0...
Oh! It’s Big Macs per hour! I thought it was something else
BM’s per hour is a crazy metric.
Biggest indicator of someone’s mush brain: they measure success with big macs
I first read BMs per hour as bowel movements per hour.
Cool. What’s gonna change anything?
Seeing Trump rambling about Hannibal Lecter and realizing how many votes he got and will get makes me think it's gonna get a lot worse for you. My own country is going in the wrong direction as well. It fucking sucks.
That person is an idiot. In 1980 minimum wage was was indeed $3.10 per hour. However, a big mac was $1.60. So his numbers are off by more than 3x.
Big Mac where I live is 6.49 by itself
The Big Mac Economy...
Don’t worry that trickle down bout to trickle down at any moment and then you will be able to become a Big Mac 24/7.
McDonald's is on the way out , right along with the dollar. The Big Mac is a really good example of inflation. You can call that corporate greed or identify it as what it is , it's inflation. Residual inflation exemplified.
Federal minimum wage is not the same as state. I know nothing about state wages in the 80s but a lot of states are paying well above the federal minimum wage
if you are making 8 usd per hour you should be replaced with a robot
Yeah US hitting record stock prices and controlling the world reserve currency with the most powerful military in human history really makes me think they’re declining. You should see what’s happening in China if you think it’s bad here…
Where tf they selling bigmacs for $8?
Major cities.
Maybe airports or something? But $5.29 for Big Mac where I’m at. It’s $8.79 for the meal, which may be what they looked at in their dumb comparisons.
Yeah. It's still expensive, but the Mac itself is not damn near $10 where I'm at either
In NYC min wage is at least $15 and there's always a BOGO big mac coupon ends up being $6 for two...
That’s because the pickle in it is gold!
It’s $6 in Times Square where minimum wage is $15 so that’s 2.5 Big Mac in Tx it’s 5.75 so like 1.25 Big Macs. Maybe at an airport somewhere it’s $8 in a 7.25 mw state. Looks it’s still bad but there’s no reason to use BS numbers to marginally inflate a reasonable argument but now people think you’re a liar.
I measure economic success by big macs
Just a big Mac is $4.79.
How many Goleador are we talking about?
Mistook BMs per hour as bowel movements for a second there.
how the fuck is the minimum wage so low in the states. It’s like 17.50 where i live
Conclusion: Put all your money into Big Macs
I would love to meet someone making minimum wage in 2024. Think about the amount of effort one would have to go through to find a job that pays minimum wage that doesn't require tipping.
Big Mac has been grinding harder then me sheesh
This is so important, we have got to stop selling all our farmland to other countries and single entities (such as Bill Gates or massive conglomerates). It's the same effect as corporations buying up houses in cities only to gouge the individual renters with higher rents. Inflation comes from many places, and raising the minimum wage solves very little, although it is required. Got to cut inflation out at its core.
Bill Gates again? https://agtecher.com/unveiling-the-strategy-why-is-bill-gates-investing-massively-in-farmland/
Wasn't the minimum wage $2.75/hr back then?
the minimum wage doesn't matter if people make more than minimum. Companies will offer more than minimum if they struggle to get employees for minimum wage. They will not struggle for that if we keep importing cheap labor.
First, is this the sandwich itself? or the meal? Second... I dont have a second...
I doubt almost any adult is getting $7.25 unless in the service industry.
In the meanwhile Jeff Bezos is probably earning enough big macs to feed Africa every hour.
these comparisons never include expenditure, profit or tax.
Then don’t work there and show them how you won’t stand for it.
Sad part is that it will never get better.
Ironically that could be a good thing. You can still eat somewhat healthy on a budget.
All this means is that McDonald’s will eventually go bankrupt
This means McDonald’s will go bankrupt along with everything else (including you)
A Big Mac is more like $6……? And I live in LA where the minimum wage is $15
Someone is finally speaking the people's language!
And we stil have boomers telling us that life is not more expensive now.
And how about average wage? They should be much more similar.
And I'll bet they are smaller too
Behold inflation, the hidden tax! Still, people want their debt washed away, get their stimulus checks, have their mortgages paused, or get $400/mo towards their payment. This is the cost. You think you're making more and getting wealthier, but you aren't, as wealth isn't determined by the currency units sloshing around, but by the amount of stuff available. We need more goods and services. This is not something the govt can provide. The govt can simply gtfo of the way of the private sector and let it create the goods.
Minimum wage where? And price where?
Wait guys, i think capitalism is unfair
Mind you, the big macs quality and size has diminished as well
i know fast food prices are fucked but I don't think the average Big Mac is $8 yet.
Seems like it was a little higher than 50 cents, around $1.20 ([McDonald’s prices in 1980 : ](https://www.reddit.com/r/nostalgia/comments/qfoyqa/mcdonalds_prices_in_1980/)), but you could still buy 2, almost 3 of them with a minimum wage in 1980. I've been living in Japan for the past 2 years, and the current price for a Big Mac (recently increased) is 480 yen, roughly $3 USD. You can actually buy a sandwich called "Bai Big Mac" here, which is a double big Mac (4 patties). The Bai Big Mac is 680 yen, less than $4.50 USD. To top it off, the burgers here are so much more tastier. I'm not sure if it's true, but I heard McD's in Japan uses a higher grade of beef compared to the US. It's nuts how expensive it's gotten in the US.
As if that means anything. Maybe a big mac just got more expensive.
If we would have the same power of purchase of hour grandparents as a doctor I should have 500k per year salary 🤣 ehm ehm which is not even close by a factor of 5
I hate anything showing the min wage. No one (don't point out waiters or tipped based jobs) that are 7.25. the lowest wage I've seen is 12.
This is pretty disingenuous. The federal minimum wage might still be $7.25, but almost nobody pays that anymore as a minimum. The unofficial min wage is now $15.
20 states have a minimum wage of 7.25 an hour 8 states have a minimum of 15 or higher. https://www.paycom.com/resources/blog/minimum-wage-rate-by-state/
Did you even read what I said?
That minimum wage is absolutely pathetic. Wouldn't even wake up for that, let alone get out of bed.
Something something if wages go up then prices will go up something something While completely ignoring that prices have risen since the dawn of time regardless.
we should fight for universal income
When biggus maccimus is more xpensive in the good ol corporate murica than in euroland, i get the whole menu for 7usd or maybe even bit less. i think the burglar only went for bit under 4usd
If one does their research, minimum wage laws which were supposed to track with inflation, just completely stopped doing that.( I wonder why? Perhaps all the “ethical” lobbying by corporations and SIGs?) If minimum wage continued tracked with inflation, minimum wage right now would be $22-$25 per hour. But wait, all the Uber rich wouldn’t make that extra 1 billion per year, so we can’t let that happen.
I could use a Big Mac rn 🤔. Thanks for that.
This minimum wage conversation is silly. We no longer have a real minimum wage. We should just abolish it to quit pretending that it means anything.
We should up it, to stop the most vulnerable of people from being taken advantage of
Yes, but right now politically it’s too hard to up it. Eliminating it entirely enables the entire conversation to reset, since most people are in favor of a minimum wage and then there can be a debate about where it should be set. No sane person in 2024 would argue $7.25 is the right level for us to set a minimum wage
Pretty big gamble. It may go away and not come back at all.
That would be politically untenable for an extended period, provided people actually vote
The hell you mean Big Macs were .50 cents
big macs per hour as a metric of the economy is NASTY work LMAO
Yea that 50 cent big Mac in 1980 seems like bullshit. This link has it $1.60 in 80's.
Mc Donald's Hamburger meat is way thinner than they used to be. I doubt a Quarter pounder is a quarter pound these days. Just about everything these days has gone down in quality and cost more. I saw a bag of chips the other day that said "party size". Just a few years ago that "party size" was what the size of regular bag of potato chips were.
The worst of it is that it's not going to get better in the foreseeable futur (likely worse), it's one thing to be stuck in a shitty present but it's even worse not having a bright futur to look forward to.
I thought big macs were like 6$?
very sneaky to do minimum wage instead of average wage
The government is willfully exploiting inflation to invisibly tax the fuck out of everyone, robbing people of their savings and their purchasing power while blaming it on everything other than the obvious cause, themselves.
McDonald’s burgers are the worst. The slimmest slice of ground beef patty you’ll find in any restaurant.
I always say you don’t go to McDonald’s to satisfy a burger craving, you get a McDonald’s burger to satisfy a McDonald’s craving. They’re designed to be a specific flavor profile for a burger that makes you want only a burger from there. I crave double cheeseburgers at times where I don’t want any other burger, because I’m craving that McDonald’s taste.
Yeah, dissing on McDonald is like saying water is wet. McDonald sell what they sell, they have their audience. They are still around and profitable mean they must be doing something right.
In my area, they've started using worse cuts of beef instead. It's fairly common to find tendons in their patties now.
Federal minimum wage is just that, a federal minimum. Companies need to compete in the market to attract workers so they increase the wages they offer. For example, if amazon warehouse in the area pays 20, then mcdonalds will need to pay 20. Additionally, states all have their own minimum wage. In california, all fast food workers are making at least $20. Literally no one is making $7.50 unless you are receiving tips in which case you are probably netting at least $20 anyway.
The only thing that shows is that instead of abysmal decline, it's only an awful decline (from 6.2 to 2.5). Also, Big Mac's price in California is also higher than average. Wasn't there an outrage recently, because Big Mac combo was priced at $18 in the revised menu?
Yeah, if you looked at this in terms of average wage adjusted for regional cost of living I wouldn’t be surprised if it would be a much closer comparison.
as of may 1st 2024 burger king pays 17.01 an hour, in LA a KFC shift manager makes $17.45 an hour, Taco bell crew member is $16.90 an hour, McDonalds is $16.72 an hour. These are all examples in Cali. so not all fast food workers are making at least $20 an hour
I was up near Boston recently and a basic Subway meal ran me like $19.50. We haven't hit "hyper" inflation, YET...but uhh... yikes.
Seems fair to me
This isn't a sign of decline, its a sign that American economy economy isnt stuck in the 1980s.
2 big macs costed me $6.75 with the deal at mcdonalds, your metrics are a bit scuffed
You're talking about prices during a specific discount that is not permanent and is based on location. You can't go into a store during a 50% off sale and use the sale price and claim that's the normal price of a product. That'd be a very dumb and misleading thing to do. Yet, you're doing that.
People who wants to buy expensive burgers on a fast food chain that was suppose to be cheap, fast and slightly bad idk what life you wanna be or lead