04-01-2024, 04:53 PM
Fast food prices are bound to go up. But there is a bit of a conundrum here. People with lower incomes spend a higher proportion of their "not home made" meals money on fast food places than people with higher incomes so these fast food worker raises will affect them more. That doesn't seem like a good thing at all - low income people having to pay more for something common like eating low cost fast food. But... the fast food workers are also low income workers and giving them an at least minimally living wage seems like a good thing. I have not seen a rundown of the cost-benefit balance but my hunch is that even with the extra hardship for low income fast food customers, it is worth it overall.
As for people who will have to forgo a new game console (or something similar) for another couple of months because of the price increases at fast food places - I get that it just feels like another instance where inflation is eating at your pocket but from my value system the sacrifice is not significant enough for me be opposed to the raises.
Of course, if others are coming from a different enough set of values then they wouldn't agree with me.
As for people who will have to forgo a new game console (or something similar) for another couple of months because of the price increases at fast food places - I get that it just feels like another instance where inflation is eating at your pocket but from my value system the sacrifice is not significant enough for me be opposed to the raises.
Of course, if others are coming from a different enough set of values then they wouldn't agree with me.