May 18
I'll stick this all here so as not to polute the shoutbox -
@Box & Vince. Perhaps you don't know but inflation happened all over the world. not just NY, calc.
Here from forbes
https://www.forbes.com/sites/errolschweizer/2022/05/10/how-windfall-profits-have-supercharged-food-inflation/?sh=3b43b5966672
forbes the famously pro worker, anti business periodical (thats sarcasm btw) look at figure A
Vince you spoke about mcdonalds. Look at their profits
https://www.macrotrends.net/stocks/charts/MCD/mcdonalds/gross-profit 2020 (down due to covid) but 21,22,23 really shot up. Now if they rose the prices to cover their increased costs of wages then
profits would of stayed about the same.
There are so many articles about it. In short basically everyone agrees it was just companies using other excuses (covid/war) to make windfall profits. Some countries have even done a windfall tax
also you might wanna check the they doubled the NY mimimum wage statement, everyones memory is valiable
https://dol.ny.gov/history-minimum-wage-new-york-state
(bit busy atm) I'll return
@Box & Vince. Perhaps you don't know but inflation happened all over the world. not just NY, calc.
Here from forbes
https://www.forbes.com/sites/errolschweizer/2022/05/10/how-windfall-profits-have-supercharged-food-inflation/?sh=3b43b5966672
forbes the famously pro worker, anti business periodical (thats sarcasm btw) look at figure A
Vince you spoke about mcdonalds. Look at their profits
https://www.macrotrends.net/stocks/charts/MCD/mcdonalds/gross-profit 2020 (down due to covid) but 21,22,23 really shot up. Now if they rose the prices to cover their increased costs of wages then
profits would of stayed about the same.
There are so many articles about it. In short basically everyone agrees it was just companies using other excuses (covid/war) to make windfall profits. Some countries have even done a windfall tax
also you might wanna check the they doubled the NY mimimum wage statement, everyones memory is valiable
https://dol.ny.gov/history-minimum-wage-new-york-state
(bit busy atm) I'll return