Corporate America may be bumping up against the limit of its power to keep raising prices as consumers in some markets cry uncle.

“Even though we’re pushing through pricing, the consumer is tolerating it well,” he said in October analyst call.

normal way to talk about ‘fellow’ human beings

  • shalafi@lemmy.worldEnglish
    94·
    11 months ago

    The legal minimum wage hasn’t risen, but the real minimum wage has. Around here, in a poor little redneck town, you’re getting $10-$12 to start at McDonalds.

    • SkepticalButOpenMinded@lemmy.ca
      19·
      11 months ago

      That’s actually even more depressing. The legal minimum wage is so low that it’s not even lifting up the wages of the most modest jobs in the lowest COL areas. It functionally doesn’t exist.

    • Katana314@lemmy.worldEnglish
      1·
      11 months ago

      I mean, I think part of the recruitment policy for each workplace is to state “We’re above minimum wage by a decent margin!” But if minimum wage were bumped up to $10, that would no longer be the case, and McDonalds would be doing little to differentiate themselves - at least until they offer $15-$18.