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“Opposing living-wage adjustments is easy when I make numbers up!”

“Opposing living-wage adjustments is easy when I make numbers up!” | Right-libertarians: | image tagged in conservative minimum wage hypocrisy,minimum wage,right libertarians,economics,libertarians,things that make you go hmmm | made w/ Imgflip meme maker
3 Comments
[deleted]
2 ups, 2y,
1 reply
When the value of a item is msrp $1.00 and it costs a company 30c to make(based on bulk ingredient purchase) is it really fair to charge $3.79? But we live in America. You could say a fart in a jar is worth $500 bucks, and someone stupid enough would buy in.
1 up, 2y
So first of all, it the MSRP IS $1.00, then it is sold for $1.00. If you pay over MSRP, that is on you, a fool and his money will soon part....

I used to run a plumbing shop. We receiveed our products at 61% of MSRP. THIS allowed for a fauvet to have a MSRP of $500, and we could sell it for $480. The customer got a deal, as it was discounted, and we still made profit.

Now lets look at the BIG PICTURE. Ingredient cost is a tiny fraction of the product. You have the paper wrapper cost (packaging), the staffing cost, the cost of the building, property taxes, insurance, cost of electricity, all has to be recovered partially by each and every burrito/taco....
1 up, 2y
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