Minimum Wage Would Be $21.72 If It Kept Pace With Increases In Productivity

NoDrama

Well-Known Member
if you don't like the "big mac index", take it up with the economist. it is their idea, not mine.

http://en.wikipedia.org/wiki/Big_Mac_Index

The Big Mac Index is published by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and provides a test of the extent to which market exchange rates result in goods costing the same in different countries. It "seeks to make exchange-rate theory a bit more digestible".
The index takes its name from the Big Mac, a hamburger sold at McDonald's restaurants.
The big mac index has zero to do with inflation. Your own argument says that inflation adjusted the big mac costs less than it did 13 years ago. The big mac index has to do with currency valuations, like a FOREX market that gives the relative value of the currency through a simple method of using the big mac. They aren't even sort of the same thing.
 

echelon1k1

New Member
that's a question, not evidence. you blithering fucktard.

only global mods have access to IPs anyway, halfwit.
we know how you love answering question about your questionable practices... So what happened? you got owned on the internet and had to get some payback? Pathetic, but not as pathetic as walrus...
 

Canna Sylvan

Well-Known Member
Minimum wage doesn't work. Unless capitalism is destroyed, the best you can do is destroy the middle class with Keyesian manipulation if you even try to make minimum wage work. Manipulating wage has always been a slight of hand to get other laws passed which eventually collapse the economy.
 

UncleBuck

Well-Known Member
I'm claiming you to be a moron.
and you base this on what? your complete inability to rebut anything i've had to say? your propensity to run away from positions you once espoused just because you refuse to repeat them in this thread?

history doesn't start anew with each thread, ya know.
 

Antidisestablishmentarian

Well-Known Member
The Big Mac Index is published by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and provides a test of the extent to which market exchange rates result in goods costing the same in different countries. It "seeks to make exchange-rate theory a bit more digestible."

No inflation mentioned... It compares different currencies.
 
Top