Seattle Restaurant Closings

Never said it was marginal. It's something that if it happened wouldn't negatively impact many businesses as 10 an hour is a pretty standard rate.

And again, McDonalds isn't cheap, burger king isn't cheap. Have you seen what they charge? It's lower than most sit down places, but its' not by that much. Taco Bell, that's cheap.

And Budweiser isn't drunk simply because it's cheap. Natty Ice is cheap, Keystone is cheap, PBR is routinely cheaper than Bud and tastes much better. Bud doesn't sell because it's cheap. Being cheap is part of it's draw, but lets do a different soak ttest. Go to a baseball game, at CBP. buy a bud for like 6.75 or you can get say Flying Fish for 7.25. What would make you choose a vastly inferior product when for only 7% more you can get something vastly superior. Nowhere else do you see that. You're not gonna get a porterhouse for 7% more than ground chuck. Doesn't exist anywhere else, but Bud is still the top seller. Part of that can be attributed to vendors carrying beer around. But that doesn't explain people going to someplace that has both and walking out with bud. To pick on another one, why do people buy Blue Moon when there's always a better local option. To pick on where I live, ALlagash White is greatly superior to Blue Moon, not even remotely comperable, they're priced similarly, but Blue Moon outsells Allagash White. Why is that? Why does Corona outsell Sam Adams? THey're similar priced, why does mexican piss water outsell something decent? It's because of, wait for it. Advertising!
 
zitothebrave said:
Never said it was marginal. It's something that if it happened wouldn't negatively impact many businesses as 10 an hour is a pretty standard rate.

And again, McDonalds isn't cheap, burger king isn't cheap. Have you seen what they charge? It's lower than most sit down places, but its' not by that much. Taco Bell, that's cheap.

And Budweiser isn't drunk simply because it's cheap. Natty Ice is cheap, Keystone is cheap, PBR is routinely cheaper than Bud and tastes much better. Bud doesn't sell because it's cheap. Being cheap is part of it's draw, but lets do a different soak ttest. Go to a baseball game, at CBP. buy a bud for like 6.75 or you can get say Flying Fish for 7.25. What would make you choose a vastly inferior product when for only 7% more you can get something vastly superior. Nowhere else do you see that. You're not gonna get a porterhouse for 7% more than ground chuck. Doesn't exist anywhere else, but Bud is still the top seller. Part of that can be attributed to vendors carrying beer around. But that doesn't explain people going to someplace that has both and walking out with bud. To pick on another one, why do people buy Blue Moon when there's always a better local option. To pick on where I live, ALlagash White is greatly superior to Blue Moon, not even remotely comperable, they're priced similarly, but Blue Moon outsells Allagash White. Why is that? Why does Corona outsell Sam Adams? THey're similar priced, why does mexican piss water outsell something decent? It's because of, wait for it. Advertising!
Click to expand...

You've completely changed the narrative of your argument...

Also - that flying fish is 16% more expensive... not 7%.
 
zitothebrave said:
10 an hour isn't astronomical.

Anyway you think all that drives our buying decisions/economy ist supply/demand? McDonalds and Burger King constantly look for ways to lower labor costs to increase profits. No one can undercut them. No one has their advertising, brand recognition, etc. I'm gonna pick on Burger King here. Burger King charges like 8 bucks for a double whopper with cheese meal . This awesome burger joint by me charges 8 bucks for a burger and fries plus probably 1-2 bucks for a drink. For marginally more money you can get a massively superior burger so why aren't people going there in droves like to BK? It isn't supply/demand.

Supply and demand applies to part of what drives cost but not what drives consumer purchasing. To pick on another thing, Budweiser tastes like ass, but people drink it because of, guess what, advertising!
Click to expand...

This is an entirely different discussion, but yes, there does exists different types of markets. The one you are describing is monopolistic competitive market. Advertising is extremely valuable. This has nothing to do with why minimum wage laws are responsible for economic growth.
 
sturg33 said:
You've completely changed the narrative of your argument...

Also - that flying fish is 16% more expensive... not 7%.
Click to expand...

Ummmmm, 50 cents is the difference, 50 cents is 7.4% of 6.75. 16% would be over a buck more.

NOt changing the narrative, pointing out why the idea that someone can just some in and undercut McDonalds won't necessarily be the case because there's way more to what drives consumer interest than just cost. Cost is a factor, but if cost was the only factor no one would own an iPhone.
 
zitothebrave said:
Ummmmm, 50 cents is the difference, 50 cents is 7.4% of 6.75. 16% would be over a buck more.

NOt changing the narrative, pointing out why the idea that someone can just some in and undercut McDonalds won't necessarily be the case because there's way more to what drives consumer interest than just cost. Cost is a factor, but if cost was the only factor no one would own an iPhone.
Click to expand...

My bad - misread it... Thought it said $6.25
 
zitothebrave said:
Never said it was marginal. It's something that if it happened wouldn't negatively impact many businesses as 10 an hour is a pretty standard rate.

And again, McDonalds isn't cheap, burger king isn't cheap. Have you seen what they charge? It's lower than most sit down places, but its' not by that much. Taco Bell, that's cheap.

And Budweiser isn't drunk simply because it's cheap. Natty Ice is cheap, Keystone is cheap, PBR is routinely cheaper than Bud and tastes much better. Bud doesn't sell because it's cheap. Being cheap is part of it's draw, but lets do a different soak ttest. Go to a baseball game, at CBP. buy a bud for like 6.75 or you can get say Flying Fish for 7.25. What would make you choose a vastly inferior product when for only 7% more you can get something vastly superior. Nowhere else do you see that. You're not gonna get a porterhouse for 7% more than ground chuck. Doesn't exist anywhere else, but Bud is still the top seller. Part of that can be attributed to vendors carrying beer around. But that doesn't explain people going to someplace that has both and walking out with bud. To pick on another one, why do people buy Blue Moon when there's always a better local option. To pick on where I live, ALlagash White is greatly superior to Blue Moon, not even remotely comperable, they're priced similarly, but Blue Moon outsells Allagash White. Why is that? Why does Corona outsell Sam Adams? THey're similar priced, why does mexican piss water outsell something decent? It's because of, wait for it. Advertising!
Click to expand...

Have you ever heard of the dollar menu?

You are also ignoring things besides advertising such as the whole nature of FAST FOOD. You drive up to the drive thru and get your food, which people are going to want to do as opposed to parking car, getting out, etc.
 
gilesfan said:
Have you ever heard of the dollar menu?

You are also ignoring things besides advertising such as the whole nature of FAST FOOD. You drive up to the drive thru and get your food, which people are going to want to do as opposed to parking car, getting out, etc.
Click to expand...

Yeah, dollar menu has like 2 things that are a decent amount of food. It's no taco bell.
 
fun statistics for adults!
“when I was a kid, I had no help with college tuition, I was hardworking and paid it all myself”
-Annual tuition for Yale, 1970: $2,550
-Annual tuition for Yale, 2014: $45,800
-Minimum Wage, 1970: $1.45
-Minimum Wage, 2014: $7.25
-Daily hours at minimum wage needed to pay for tuition in 1970: 4.8
-Daily hours at minimum wage needed to pay for tuition in 2014: 17.3
 
57Brave said:
fun statistics for adults!
“when I was a kid, I had no help with college tuition, I was hardworking and paid it all myself”
-Annual tuition for Yale, 1970: $2,550
-Annual tuition for Yale, 2014: $45,800
-Minimum Wage, 1970: $1.45
-Minimum Wage, 2014: $7.25
-Daily hours at minimum wage needed to pay for tuition in 1970: 4.8
-Daily hours at minimum wage needed to pay for tuition in 2014: 17.3
Click to expand...

Tuition costs and actual tuition paid are entirely different

Yale 2013-2014 per Collegedata.com
Freshmen
Financial Aid Applicants 727 (53.5%) of freshmen
Found to Have Financial Need 683 (93.9%) of applicants
Received Financial Aid 683 (100.0%) of applicants with financial need
Need Fully Met 683 (100.0%) of aid recipients
Average Percent of Need Met 100%
Average Award $46,395
Need-Based Gift
Received by 681 (99.7%) of aid recipients, average amount $44,915
Need-Based Self-Help
Received by 507 (74.2%) of aid recipients, average amount $1,610
Merit-Based Gift
Not reported
Merit-Based Gift Not reported
 
What were interest rates for student loans back in 1970 bc right now, they are almost nothing.
 
Minimum wage and tuition prices have as much to do with one other as on base percentages of 3rd basemen and the yearly migration of the European pied flycatcher.
 
acesfull86 said:
Minimum wage and tuition prices have as much to do with one other as on base percentages of 3rd basemen and the yearly migration of the European pied flycatcher.
Click to expand...

The point of the chart is not to be taken quite so literally but as an indicator of the economic times . Then and now

Having said that and since we are going literal translation
I'm guessing you posted somewhere on some subject that people should better themselves.
If only they tried harder

No, not guessing -- betting
 
Take the government assistance that is out there and go back to school and get a meaningful education maybe?
 
57Brave said:
from where does the money come ?
Click to expand...

Tax dollars obviously but not many here have advocated eliminating taxes. I am all for helping people by ear marking funds for good purposes. What I don't like is giving people cash and allowing them to determine what to spend it on. Housing assistance, food l/clothing vouchers and educational assistance. All you need to break out of poverty.
 
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