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<blockquote data-quote="milani" data-source="post: 1098922" data-attributes="member: 6654"><p>It has even affected that purchasing power of other income levels as well. Even if they can afford the tickets they ask themselves if it is worth it and am I being ripped off. </p><p>Minimum wage can be one analogy. But in 1971 most minimum wage businesses paid around minimum wage because there were less jobs and because of the abundance of baby boomer youth there was an ample work supply.</p><p>Today, very few so called minimum wage businesses actually pay minimum wage because virtually no one will work for $7.25 and many state minimums exceed that.</p><p>In 1971 I did get around $1.60 because I worked at McDonalds. There was no OT, no holidays, and no benefits, not even free food.</p><p>Today, a kid can make around $20 at a McDonalds and they do offer some benefits simply because there are so many alternatives down the street who will vulture your employees.</p><p>But even so, the 15-300 is 20 times greater in price. That means the 1.60 would be 32.00! Not even close.</p></blockquote><p></p>
[QUOTE="milani, post: 1098922, member: 6654"] It has even affected that purchasing power of other income levels as well. Even if they can afford the tickets they ask themselves if it is worth it and am I being ripped off. Minimum wage can be one analogy. But in 1971 most minimum wage businesses paid around minimum wage because there were less jobs and because of the abundance of baby boomer youth there was an ample work supply. Today, very few so called minimum wage businesses actually pay minimum wage because virtually no one will work for $7.25 and many state minimums exceed that. In 1971 I did get around $1.60 because I worked at McDonalds. There was no OT, no holidays, and no benefits, not even free food. Today, a kid can make around $20 at a McDonalds and they do offer some benefits simply because there are so many alternatives down the street who will vulture your employees. But even so, the 15-300 is 20 times greater in price. That means the 1.60 would be 32.00! Not even close. [/QUOTE]
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