Saturday, May 11, 2013

This happened today:
http://www.freep.com/article/20130510/BUSINESS/305100093/McDonald-s-labor-protest-Detroit-wages
I respect the right of people to organize to improve their condition. Quotes like:
“They [McDonald’s] make $200 billion a year and they’re crying about 
giving minimum-wage workers $15 an hour?,” Rideout said in an interview.
make me wonder why reporters pick the quotes of ignorance.
McDonald's makes about $2 billion a quarter.
I question the value of minimum wage, rent control, or anything that gives an artificial value. I'm pretty sure that if NYC dumped rent control and minimum wage, everyone would make more money. I'll pay an extra $2 bucks for a papaya dog.

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